Offshore Petroleum Resources Law No.132 of 2010.
Country
Type of law
Legislation
Abstract
The purpose of this Law is to enable the Lebanese State to manage the petroleum resources in its marine water. The ownership of all petroleum resources occurring naturally within the territorial waters, the exclusive economic zone and the continental shelf of Lebanon shall vest in the State. Petroleum resources comprise oil, natural gas and hydrocarbons beneath the seafloor.
In accordance with the provisions of this Law, it is forbidden to carry out any petroleum activity without a specific licence. The petroleum activities of any foreign company are also subject to the Lebanese Law.
This Law is divided into 10 Chapters as follow: Pre-conditions (1); Under the government s jurisdiction (2); Inquisition (3); Granting exploration and production (4); Plans for production and transport (5); Oil quotas and fees (6); Permanent cessation of operation (7); Mortgage, reservation and registration rights (8); Health, safety and environment (9); General provisions (10).
For security reasons, a security zone surrounding the Petroleum Facility should be established. Non-licensed boats, vessels, fishing vessels or other equipments are not entitled to enter or to dock in the security zones under the provisions of this Law.
In accordance with the provisions of this Law, it is forbidden to carry out any petroleum activity without a specific licence. The petroleum activities of any foreign company are also subject to the Lebanese Law.
This Law is divided into 10 Chapters as follow: Pre-conditions (1); Under the government s jurisdiction (2); Inquisition (3); Granting exploration and production (4); Plans for production and transport (5); Oil quotas and fees (6); Permanent cessation of operation (7); Mortgage, reservation and registration rights (8); Health, safety and environment (9); General provisions (10).
For security reasons, a security zone surrounding the Petroleum Facility should be established. Non-licensed boats, vessels, fishing vessels or other equipments are not entitled to enter or to dock in the security zones under the provisions of this Law.
Attached files
Date of text
Entry into force notes
This Law enters into force on the date of its publication in the Official Gazette.
Repealed
No
Serial Imprint
Official Gazette No. 41, 2 September 2010, pp. 5144-5169.
Source language
English
Legislation Amendment
No