Back to the complete issue
Thursday, 27 April 2017

Lebanon prequalifies eight new energy companies of offshore blocks

Lebanon’s government prequalified eight new companies for its first round of offshore E&P licences, Reuters reports. The government had already prequalified 46 companies in 2013. Of the new companies, India’s ONGC Videsh, had been prequalified to bid as an operator and the other seven are PJSC Lukoil , Qatar Petroleum, Britain-based New Age African Global Energy, JSC Novatek, Iran’s Petropars, Sonatrach International Petroleum Exploration and SapuraKencana. Prequalified companies will submit their bids to the Lebanese Petroleum Administration in September for consideration. The bidding process for Lebanon’s offshore blocks 1, 4, 8, 9 and 10, three of which border Israeli waters, was postponed for years as Lebanon was forming a government.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.