A Presentation given by Fadi B. Nader, Managing Partner, BRIDGE LEGAL GROUP, Lebanon-UAE
The 5th Lebanon International Oil & Gas Summit
Beirut, Lebanon, 02-04 April 2019
We all agree that good governance plays a crucial role in optimising the petroleum sector’s revenues and in achieving sustainable economic development for the producing country. Read more
The post Corporate Governance & Transparency Standards Across the Supply Chain for Oil & Gas appeared first on Bridge legal group.
]]>A presentation given by Fadi B. Nader
Lebanon Oil & Gas Summit, 22 & 23 April 2013
The regulatory regime of Lebanon’s petroleum activities aims to ensure that the exploration and development of petroleum resources are carried out to the benefit of the Lebanese people. This constitutional principle forms the basis of Lebanese Offshore Hydrocarbon Law No. 132. The Lebanese petroleum regime is characterized by the use of principle-based legislation, as currently reflected in the Law Read more
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]]>A presentation given by Fadi B. Nader
11th Maghreb, Mediterranean, MidEast Upstream Conference
Nicosia, Cyprus on 19th & 20th May 2014
According to the most recent geological surveys conducted by the Lebanese Government, covering more than 2/3 of the 22,730 Sq.km Lebanese Offshore Area known as the Exclusive Economic Zone (EEZ), it is being estimated that the Lebanese Hydrocarbon potential ranges from 25 to 35 cubic feet of natural gas and from 440 to 675 million oil barrels. During the last few years, the Lebanese government was able to assemble 14,012 Sq.Km of 2D seismic data and 15,176 Sq.Km of 3D seismic data, covering the surveyed Offshore Area. A compilation and modeling of this seismic data provides a reasonable understanding of the serious hydrocarbons potential that could be uncovered under the waters of the Lebanese Offshore Area Read more
The post LEBANON: Offshore Blocks, Bids, Awards & Acreage Potential appeared first on Bridge legal group.
]]>An article written by Fadi B. Nader
Published in the International Reinsurance Review 2013/14
The Lebanese local insurance market is characterized by its heavy reliance on foreign reinsurance providers based in Europe and in other major regional and international offshore insurance hubs, such as Dubai, Bahrain and Bermuda. Lebanese insurance regulations do not impose strict licensing requirements on local insurers when ceding their risks to ‘non – admitted’ re-insurers. Similarly, foreign reinsurers can access the Lebanese insurance market, either directly or through locally licensed reinsurance brokers, provided that a number of basic conditions are observed. However, the Lebanese Insurance Control Commission (“ICC”) has the authority to review all reinsurance arrangements entered by local insurers and to assess the risk exposure of their ceded reinsurance business. In the light of such review, the technical reserve adequacy and the solvency ratios of local insurers are thoroughly examined Read more
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