Lebanon Proceeding with Oil and Gas Exploration Pre-Qualification

Reuters reported that Lebanon is moving ahead with pre-qualification round for oil and gas exploration in its Mediterranean waters .

As quoted in the market report:

Bassil told representatives of international oil and gas firms that Lebanon still aims to issue its first exploration and production agreement by February next year, and hoped the country could “enter the development phase starting 2016″.

To view the whole Reuters report, click here.