Spectrum engineers drilling a surface in Batroun area to determine if there's oil underneath. (The Daily Star/Mohammad Azakir)
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The Petroleum Administration has made some changes to the two key decrees awaiting Cabinet approval before the first round of licensing for oil and gas exploration in Lebanon, an insider said Thursday."Members of the Petroleum Administration have made some of these amendments after receiving input from the Cabinet committee that was established to discuss the two decrees," the source told The Daily Star. He said the Petroleum Administration would submit the amended decrees to the Cabinet committee. Sources said all ministers were in favor starting gas exploration off of Lebanon's coast but some of them preferred to auction more than two or three blocks.The insider, however, said international oil firms seemed confident that the Lebanese coast had abundant quantities of natural gas.
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