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Tuesday, June 07, 2022

Lebanon: Chevron’s interest in Levant offshore basinnote

The U.S. multinational energy corporation Chevron will continue to look for investment opportunities in the East Mediterranean, including the Levant basin offshore Lebanon.

However, Chevron will maintain a company strategy of assessing any potential production sharing contracts (PSCs) or equity buy-in anywhere in the EastMed from a conservative standpoint on financial and geopolitical risk.

The ongoing border dispute between Lebanon and Israel and repeated delays of the second offshore bid round by the Lebanese government have somewhat clouded the picture in the view of Chevron.

Tactical Report has prepared a 717-word report to shed more light on Chevron’s plan in the EastMed and the odds for future investments in the Levant basin offshore Lebanon despite the challenges.


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