Middle East Economic Survey

VOL. LIII

No 34  

23-Aug-2010

LEBANON

Lebanese Parliament Ratifies Offshore Hydrocarbons Law

The Lebanese parliament on 17 August ratified a draft law for exploration for hydrocarbons in the Lebanese offshore, which has been under consideration for a few years. The draft law was rushed through parliament, prompted by Lebanese fears that current Israeli plans to drill for gas in the Mediterranean could infringe on Lebanon’s potential gas...