Rosneft, Lukoil and Novatek Apply for Lebanese Offshore Projects

Russia's OAO Rosneft, OAO Lukoil Holdings and a combination of OAO Novatek and Gazprombank's GPB Global Resources have applied to take part in tenders for Lebanese offshore projects, the Lebanese Energy and Water Department said in a statement.

A total of 52 companies applied from 25 countries, including Exxon Mobil, Chevron, Statoil and Total.

Companies that qualify for the tender will be announced on April 18, according to the statement.

To be able to participate in the tender, operators must prove that they have total assets worth $10 billion. Non-operators must prove they have total assets worth $500 million.