Monthly Archives: October 2017

The Emerging Lebanese Oil & Gas Regime

A presentation given by Fadi B. Nader Lebanon Oil & Gas Summit, 22 & 23 April 2013 The regulatory regime of Lebanon’s petroleum activities aims to ensure that the exploration and development of petroleum resources are carried out to the benefit of the Lebanese people. This constitutional principle forms the basis of Lebanese Offshore Hydrocarbon Law No. 132. The Lebanese petroleum regime is characterized by the use of principle-based legislation, as currently reflected in the Law Read...

LEBANON: Offshore Blocks, Bids, Awards & Acreage Potential

 A presentation given by Fadi B. Nader 11th Maghreb, Mediterranean, MidEast Upstream Conference Nicosia, Cyprus on 19th & 20th May 2014 According to the most recent geological surveys conducted by the Lebanese Government, covering more than 2/3 of the 22,730 Sq.km Lebanese Offshore Area known as the Exclusive Economic Zone (EEZ), it is being estimated that the Lebanese Hydrocarbon potential ranges from 25 to 35 cubic feet of natural gas and from 440 to 675 million oil barrels. During the last few...

Reinsurance Market Regulations in Lebanon

An article written by Fadi B. Nader Published in the International Reinsurance Review 2013/14 The Lebanese local insurance market is characterized by its heavy reliance on foreign reinsurance providers based in Europe and in other major regional and international offshore insurance hubs, such as Dubai, Bahrain and Bermuda. Lebanese insurance regulations do not impose strict licensing requirements on local insurers when ceding their risks to ‘non – admitted’ re-insurers. Similarly, foreign reinsurers can access the Lebanese insurance market, either directly or...