The inadequate production of oil and gas to meet the domestic demand opens opportunities for private players to invest in Lebanon. But to start a business in this field is not so easy as the opportunities loom there. The legal process for clearing decks to start an oil and gas business is very lengthy and strict. You will need an Expert of Oil and Gas Law of Lebanon who has hands-on handling many reputed projects and is well versed in the new regulations and laws pertaining to natural resources.
The significant changes in the laws and regulations for acquisition and set up of a new venture have created favors for private players, though they impose a lot challenges such as drafting of agreements as per new laws. This is one of the challenges because there are a few lawyers that can help you draft agreements, acquisition documents and other documents as per the latest laws.
Apart from the dearth of experts in oil and gas law, higher legal charges make it very difficult for entrepreneurs to start a business of oil and gas in the country. However, there are some legal consultancies such as Airut Law Offices, one of the Most Reputed Law Firms in Lebanon that have advised many international oil and gas services companies in acquisition and setting up a new facility. Find such a law firm that provides services to suit your requirements within your budget.
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