U.S. drafts compromise for Lebanon-Israel dispute A large number of gas reservoirs have been identified along the Lebanese coast and these discoveries have finally prompted Lebanese officials to pass the long-awaited decree 9438 back in December 2012 and nominate a board of directors for the Petroleum Administration Authority entrusted with the administration of Lebanon's natural resources. The next step was launching the pre-qualification round for all joint stock petroleum companies in order to determine eligibility…