This article by Rami Rayees was originally published on the "Arab Weekly" website. 

"... Some hope is offered by the auctioning off of exploration rights to the country’s oil and gas reserves. Under the terms of the exploration agreement, any company awarded drilling rights must pay royalties to the state equal to 4% of gas produced and a varying percentage (5-12%) of any oil produced.

However, given the history of similar projects and despite the efforts of non-government organisations such as the Lebanon Oil and Gas Initiative (LOGI) to promote transparency... " Continue reading here.