Wissam Chbat
,Chairman,Lebanese Petroleum Administration
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The Lebanese Petroleum Administration, a regulating body in charge of managing Lebanon’s oil and gas industry, was established in December 2012. Just recently, Lebanon announced its intention to restart its first oil and gas licensing round, inviting international companies to bid for five offshore blocks, a bidding round that was delayed for several years due to internal political deadlock. The announcement was seen as a significant step for the much-needed development of the local hydrocarbon industry.
