WHEREAS the Constitution of the Republic of Lebanon stipulates that no contract or concession for the exploitation of the natural resources of the country may be granted except by virtue of a law and for a limited period.
WHEREAS the Law no 132/2010 (Offshore Petroleum Resources (OPR) Law) provides that the Republic of Lebanon has title to all Petroleum resources in the seabed of Lebanese waters and exclusive right to their management;
WHEREAS pursuant to the Law no 132/2010 (OPR Law), the Council of Ministers has the authority to ensure the implementation of the Petroleum policy of the Lebanese State and has for the purpose of this Exploration and Production Agreement appointed the Minister and the Petroleum Administration ديهمت هّنأ ىلع صّ ني ةينانبللا ةيروهمجلا روتسد ناك امّ ل دراوملا للاغتسلازايتما وأ مازتلإ يّ أ حنم زوجي لا .دودحم نمز ىلإو نوناق بجومب لاإ ةيعيبطلا دراوملا نوناق( 2010/132 مقر نوناقلا ناك امّ لو نّ أ ىلع صني ،)ةيرحبلا هايملا يف ةيلورتبلا يف ةيلورتبلا دراوملا عيمج كلمت ةينانبللا ةيروهمجلا يف يرصحلا قحلا اهلو ةينانبللا ةيرحبلا هايملا عاق .اهترادإ مقر نوناقلل ًاقفو ،ءارزولا سلجمل ناك امّ لو هايملا يف ةيلورتبلا دراوملا نوناق) 2010/132 ةيلورتبلا ةسايسلا ذيفنت نامضل ةطلسلا (ةيرحبلا فاشكتسلاا ةيقافتا ةياغل ،نّيعَ دقو ةينانبللا ةلودلل نم لورتبلا عاطق ةرادإ ةئيهو ريزولا ،هذه جاتنلإاو ءارزولا سلجم حلاصل ةددحم ماهم ذيفنت لجأ to carry out certain functions for and on behalf of the Council of Ministers as hereafter specified;
WHEREAS the Law no 132/2010 (OPR Law) provides that particular Petroleum Activities may only be carried out pursuant to an Exploration and Production Agreement;
WHEREAS the Council of Ministers desires, on certain terms and conditions stipulated herein, to award to [ X ], [ Y ] and [ Z ] the right to undertake specified Petroleum Activities in certain areas subject to the jurisdiction of the Republic of Lebanon;
WHEREAS the Right Holders are willing to undertake these specified Petroleum Activities in the Block pursuant to this Exploration and Production Agreement; and
WHEREAS the Council of Ministers, by its Resolution No. dated , has approved this EPA and has authorized the Minister to sign this EPA on behalf of the State.