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Lebanon seen to delay gas auction: report

: Tuesday, July 15 - 2014 @ 00:36

A Lebanese ministerial committee is set to postpone, once again, the gas auction which was scheduled for Aug 10, after some ministers expressed their dissatisfaction over the state’s share stated in the decrees, The Daily Star has reported, citing an unnamed source. Energy and water minister, Arthur Nazarian, is expected to set a new date for the gas auction in the first week of August, the source said. The committee has agreed to open all the offshore 10 blocks for auction so the bidding oil companies can select one or two of these blocks, said the source.

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Tuesday, July 15- 2014 @ 0:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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