Lebanon's Prime Minister Saad Hariri arrives at an international conference on the future of Syria and the region
Lebanon's energy sector relieved as political headwinds ease
With a new cabinet in place, offshore operators will feel more comfortable and a new bid round can proceed
It took nine months to put together and the result does not please every faction in Lebanon's complex political mosaic, but the country at last has a government – including a new energy minister, Nada Boustani. Boustani is no stranger to the job: she has worked in the ministry since 2010 and was most recently an adviser to the previous incumbent. She is also well known to foreign investors in Lebanon's energy sector. One of her first tasks will be to assure the consortium, which was awarded licences for two offshore blocks in late 2017, that the country can now look forward to a period of relative political stability. The consortium, consisting of Eni and Total (each with a 40% share), along
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
