At last, some movement is being recorded on the front of the exploration of oil and gas in Lebanon according to Assafir, who said that in the cabinet will approve the tendering timeline in its next meeting on Thursday.
Better late than never; we will keep a close eye on the progress, the but timeline is looking like this:
1- January 2013: start of the pre-qualification period for the interested companies
2- May 2013: start of the tendering period for the shortlisted qualified companies
3- December 2013: deadline for submittal of tenders
4- February 2014: announcement of winning tender after evaluation
5- May 2014: sign the contract after a period of negotiations
6- Some time in 2015: start of exploration works