Large energy reserves have recently been discovered in the Levant Basin, where considerable amounts of gas reserves have been found in the exclusive economic zones (EEZ) of Lebanon, Cyprus and Israel. Lebanon and Israel are both net energy importers and suffer from energy security problems....

The aim of this paper is to estimate the value of the Lebanese oil resources. It presents an overview of the natural resources within the Lebanese territories and economic zone. Furthermore, it analyses the oil spot price characteristics and volatility. It studies the oil future market while...

Sharing costs and risks are the basic foundation of any the joint venture. However, the required financial commitments might be jeopardized either by a co-venturer who cannot afford the payment of the related costs or a co-venturer who simply chooses not to pay its share. The petroleum industry...