ANNOUNCEMENT 24 Aug 2010

In August 2010, the government of Lebanon announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Offshore Petroleum Resources Law No. 132 of 2010 (in Arabic), http://www.lpa.gov.lb/pdf/OPRL%20-%20Arabic.pdf
Offshore Petroleum Resources Law No. 132 of 2010 (in English), http://www.lpa.gov.lb/pdf/OPRL%20-%20English.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia20105_en.pdf


Inception date: 24 Aug 2010 | Removal date: open ended

FDI: Entry and ownership rule

On 24 August 2010, Lebanon enacted the Offshore Petroleum Resources Law No. 132 of 2010 opening offshore areas to foreign oil and natural gas companies for exploration and production of oil and natural gas in Lebanese territorial waters.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A