Petroleb secures leading position through LIOG 2012

Officials from major international oil and gas companies benefited from the presence of Petroleb's management to meet and discuss possible opportunities for cooperation, partnership and investment in the promising energy sector in Lebanon.

According to media sources, the first exploration bidding round for offshore Lebanon is expected to be launched during the first few months of 2013.

"Petroleb's willingness to commit and ability to succeed was highlighted again in this event," said Salah Khayat, Chief Executive Officer (CEO) of Petroleb, emphasizing that the company has 'solidly positioned itself as a pacesetter in the sector'.

"We have previously concluded solid partnership agreements with international oil majors," he added, "but during the two days of LIOG, we had the chance to meet more companies and investors who showed interest in our developing consortium," he concluded.

Dr. Naji Abi Aad, Chief Operating Officer of Petroleb and a known international expert in energy economics, said, "Petroleb and its international partners have contributed major investments to develop Lebanon's Hydrocarbons," highlighting the fact that considerable investments are needed to properly and securely operate the business.

"Our socially responsible investments will be geared towards protecting the environment, creating jobs and the overall economic and social development of Lebanon," said Khayat.

This is the main reason why our main message in LIOG 2012 was: "We partner with the best, for a brighter future," he explained.

Recruitment plans:
The company disclosed that it is developing a long term recruitment strategy that will present Petroleb as an employer of choice particularly to Lebanese both at home and abroad.

"We will be working on putting together competitive compensation packages for Lebanese oil and gas professionals who are working abroad," explained Abi Aad. "At the same time, we are planning to cooperate with universities, training companies and international partners to introduce the necessary educational, learning and developmental programmes," he added.

"We need to start now with a long-term vision, to ensure that good paying jobs go to Lebanese," Khayat added.

Updating Website:
The company is currently updating its website to meet all those exciting developments. Among the expected updates is providing the website with the capability to collect CVs and job applications.