Participants attend a conference on Lebanon’s oil and gas industry.
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The Lebanese Petroleum Administration will be reviewing a draft bill on onshore petroleum resources before returning it to the government for further assessment, a source told The Daily Star Wednesday on the sidelines of a conference on Lebanon's oil and gas industry. The source said concerned ministries have reviewed the first version of a draft bill that the LPA earlier presented to the government. Each of the concerned ministries has filed its comments to the Energy Ministry, which is set to refer them back to the LPA. Despite the approval of the OPRL, the government has yet to issue two decrees that would pave the way for the first licensing round for offshore gas exploration in Lebanon's exclusive economic zone.No breakthrough is expected anytime soon between feuding government factions with regard to the terms of a draft exploration and production agreement that LPA had earlier submitted to the Energy Ministry, the source said.Sources have earlier told The Daily Star that an agreement was reached over the gradual licensing of the 10 blocks that form Lebanon's EEZ because it would enable the government to secure better terms in future licensing rounds, experts say.
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