Arab Today, arab today lebanon ranks seventh for oil gas investment
Last Updated : GMT 19:38:39
Arab Today, arab today
Arab Today, arab today

Lebanon ranks seventh for oil, gas investment

Arab Today, arab today

Arab Today, arab today Lebanon ranks seventh for oil, gas investment

Beirut - Arabstoday

Lebanon ranked seventh in Middle East and North Africa in terms of attractiveness for upstream oil and gas investment, according to a recent report by the Fraser Institute, a public policy research organization. In its sixth annual edition of the “2012 Global Petroleum Survey,” which assesses 147 jurisdictions for attractiveness and barriers to investments in the oil industry, the Canada-based institute put Lebanon in 71st place on a global scale, with a score of 45.61. The survey assesses barriers to investment in the petroleum industry in terms of tax rates, the cost of regulatory schemes, environmental regulations, the interpretation and administration of regulations governing the petroleum industry and security threats. The lower a jurisdiction scores, the more attractive it is to investors Lebanon is set to soon finalize appointments at the Petroleum Administration – a body that oversees the sector – after which the first licensing round for oil and gas exploration off the country’s coast will take place. Twenty percent of interviewed executives and managers deemed the country’s political stability a “mild deterrent to investment” in the petroleum industry, while more than 30 percent considered instability to be a “strong deterrent.” Back in August 2011, Parliament passed a law setting Lebanon’s maritime boundary and Exclusive Economic Zone. Parliament subsequentlysubmitted a maritime map to the United Nations, which conflicts significantly to one proposed by Israel. Lebanon argues that its map falls in line with an armistice drawn up in 1949, an agreement which is not contested by Israel. The disputed zone is roughly 854-square-kilometers wide, and energy reserves there could generate billions of dollars. At average prices for 2012, the energy deposits in the Levant Basin were recently estimated by experts to hold oil worth $170 billion and gas worth $1.9 trillion. Besides instability, Lebanon’s regulatory climate, environmental regulations, cost of regulatory compliance and trade barriers were regarded by executives and managers as “mild deterrents to investment.” Lebanon ranked better than Bahrain, which came in eighth place regionally and 78th globally with a score of 49.71. The survey said regional political stalemate has crippled investment activity in Bahrain’s petroleum industry. Qatar ranked first regionally and 32nd globally, with a score of 25.42, followed by the United Arab Emirates, Oman, Israel, Kuwait, Lebanon, Bahrain, Jordan, Yemen, Syria, Iraq and Iran. Globally, the United States topped the list of attractive countries for oil and gas investments with seven states ranking among the top 10 most favorable jurisdictions for investment. From DailyStar

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lebanon ranks seventh for oil gas investment Arab Today, arab today lebanon ranks seventh for oil gas investment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lebanon ranks seventh for oil gas investment Arab Today, arab today lebanon ranks seventh for oil gas investment

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday