Intelligence

The support of the Italian institutions in the event shows the opportunities that the O&G sector can offer the Italian companies in the country.

Pre-Qualification Decree 9882/2013 issued on 21 February 2013 ushers the official opening of the Pre-Qualification Round for oil and gas companies wishing to participate in Lebanon’s first offshore licensing round.

With an estimated 1.7 billion barrels of recoverable oil and 122 trillion cubic feet (TCF) of recoverable natural gas, the Levant Basin Province in the eastern Mediterranean is an exciting new frontier for the oil and gas industry.

Major natural gas reserves recently discovered off the coast of Israel have ignited considerable interest in the hydrocarbon potential of the East Mediterranean basin.