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What are the primary laws and regulations governing the oil and gas industry in your jurisdiction?
Petroleum activities within Lebanon's territorial waters and exclusive economic zone are regulated by the Offshore Petroleum Resources Law (132/2010), which is supplemented by the Petroleum Activities Regulations (Decree 10289/2013), as well as other decrees, including the Block Delineation Decree, the Model Contract Decree and the Environmental Strategic Assessment Decree
Other laws are ready to be enacted, including the Oil and Gas Taxation Law, the Sovereign Fund Law and the Onshore Petroleum Resources Law.
What government bodies are charged with regulating the oil and gas industry and what are the extent of their powers?
Petroleum activities in Lebanon are regulated and managed by the following bodies:
- The Council of Ministers sets the state's general policy for managing petroleum resources.
- The minister of energy and water is responsible for ensuring the implementation of petroleum policy and related laws, as well as for monitoring and supervising petroleum activities. The minister has the right to sign oil and gas contracts with international oil companies and to take necessary measures to protect water, public health, property and the environment from pollution.
- The Lebanese Petroleum Administration is an autonomous public entity created in 2012 under the Offshore Petroleum Resources Law to regulate, manage and monitor all petroleum activities – some of its financial and administrative decisions are subject to the approval of the minister of energy and water. The administration comprises six departments: strategic planning; technical and engineering; geology and geophysics; legal affairs; economy and finance; and quality, health, safety and the environment.
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