Legal Guide Detail

The guide reviews the key elements of the Lebanese upstream legal framework and responds to the many requests for information we receive from international visitors and experts in the field, and provides answers and references in one comprehensive document thus saving its readers time and effort through enabling them to gain a quick understanding and to navigate with the complex new petroleum legal regime.

This Guide contains:

·          A comprehensive overview of the latest legal and regulatory framework of the Lebanese oil and gas sector, including the Offshore Petroleum law of 2010, which governs the exploitation and production of oil and gas in Lebanon and various legal and practical topics such as legal requirements for foreign companies desiring to become right holders, processes and procedures of licensing rounds, relations between key regulatory entities, right holders and other players, rights acquired through the award of an exploration and production agreement, conditions for petroleum production, petroleum entitlement and fees (right of state to royalty), conditions for cessation of petroleum activities and decommissioning of facilities, creation of the petroleum register for the protection of petroleum rights, and health and safety as well as environmental requirements imposed by Lebanese laws.

·          A summary of other most relevant and necessary general laws that must be complied with by any entity wishing to invest in the offshore oil business in Lebanon, such as environmental laws, labor laws, and taxation laws.

·          Useful links with relevant information on regulatory and policy issues on oil and gas in Lebanon.