Lebanon delays offshore energy auction until April

|By:, SA News Editor

Lebanon again delays its first auction of oil and natural gas licenses in its coastal waters after the government repeatedly failed to vote on decrees needed to start the bidding process.

The auction will now be held April 10, three months later than scheduled, instead of this Friday.

Exxon Mobil (XOM), Chevron (CVX), Total (TOT), Statoil (STO), Royal Dutch Shell (RDS.A, RDS.B) and Eni (E) are among 12 firms that prequalified as operators; another 34 firms were short-listed as non-operators.