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Home - el Khazen Family Prince of Maronites : Lebanese Families Keserwan Lebanon
Lebanon election uncertainty no risk to oil, gas tenders
Written by Malek
Details
Lebanon's Energy and Water Minister Cesar Abou Khalil speaks during a news conference. (Reuters)
 
by Reuters. Lebanese authorities said on Tuesday they will press ahead with the country’s first oil and gas licensing round regardless of uncertainty over a twice-postponed general election. “I am sure and certain that all the political parties are determined and are committed to make this licensing round succeed,” Minister of Energy and Water Cesar Abou Khalil told Reuters. “We have a government that is fully functional and homogenous ... We are pretty sure that the agenda and roadmap for the licensing round will be respected.”

Lebanon’s tender process for offshore exploration and production stalled in 2013 because political deadlock left the country with no president for 2-1/2 years and squabbling between parties prevented the passage of necessary laws. But late last year, a president and prime minister were chosen. A newly formed government restarted the tender process in January by passing two important hydrocarbon decrees and holding a pre-qualification round in April.

Uncertainty reared its head again when President Michel Aoun suspended parliament for a month in mid-April, temporarily blocking plans to extend the assembly’s term with no popular vote for a third time since 2013 to try to push for electoral law reforms and to hold a parliamentary election.
  But oil and gas will no longer be subject to political deadlock, the chairman of the board of directors of the Lebanese Petroleum Administration, Wissam Chbat, told the third Lebanon International Oil and Gas Summit in Beirut. “We are decoupled from the political track, there has been a lot of consensus from all political parties towards achieving a successful bid round. Everyone is putting his effort towards achieving that,” Chbat said.

The delay in development has come at a cost, Chbat told Reuters, as oil and gas prices have fallen significantly and east Mediterranean neighbors such as Egypt, Cyprus and Israel have been developing their sectors. “In 2013 we had better dynamics for the industry, better prices for oil and gas and better conditions,” Chbat said. The Lebanese government has estimated with a probability of 50 percent it has 96 trillion cubic feet of natural gas reserves and 865 million barrels of oil offshore, but the true size of the reserves cannot be known until exploration begins. “There is much more than the local market needs and a big portion of it would be for export,” Chbat said. Chbat said 60 targets had been identified as potential reservoirs.



Lebanon could pass a taxation law needed for the hydrocarbon sector this month, Chbat said.

Last Update: Tuesday, 9 May 2017 KSA 19:09 - GMT 16:09

Khazen History

      

 

Historical Feature:

Churches and Monasteries of the Khazen family

St. Anthony of Padua Church in Ballouneh
Mar Abda Church in Bakaatit Kanaan
Saint Michael Church in Bkaatouta
Saint Therese Church in Qolayaat
Saint Simeon Stylites (مار سمعان العامودي) Church In Ajaltoun
Virgin Mary Church (سيدة المعونات) in Sheilé
Assumption of Mary Church in Ballouneh

1 The sword of the Maronite Prince
2 LES KHAZEN CONSULS DE FRANCE
3 LES MARONITES & LES KHAZEN
4 LES MAAN & LES KHAZEN
5 ORIGINE DE LA FAMILLE
 

Population Movements to Keserwan - The Khazens and The Maans

ما جاء عن الثورة في المقاطعة الكسروانية 

ثورة أهالي كسروان على المشايخ الخوازنة وأسبابها

Origins of the "Prince of Maronite" Title

Growing diversity: the Khazin sheiks and the clergy in the first decades of the 18th century

 Historical Members:

   Barbar Beik El Khazen [English]
  
 Patriach Toubia Kaiss El Khazen(Biography & Life Part1 Part2) (Arabic)
 
  Patriach Youssef Dargham El Khazen (Cont'd)
  
 Cheikh Bishara Jafal El Khazen 
   
 Patriarch Youssef Raji El Khazen
  
 The Martyrs Cheikh Philippe & Cheikh Farid El Khazen
  
 Cheikh Nawfal El Khazen (Consul De France)
  
 Cheikh Hossun El Khazen (Consul De France)
  
 Cheikh Abou-Nawfal El Khazen (Consul De France) 
  
 Cheikh Francis Abee Nader & his son Yousef 
  
 Cheikh Abou-Kanso El Khazen (Consul De France)
  
 Cheikh Abou Nader El Khazen
  
 Cheikh Chafic El Khazen
  
 Cheikh Keserwan El Khazen
  
 Cheikh Serhal El Khazen [English] 

    Cheikh Rafiq El Khazen  [English]
   
Cheikh Hanna El Khazen

    Cheikha Arzi El Khazen

 

 

Cheikh Jean-Philippe el Khazen website


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