Lebanon: What Are the Governance Prospects for the Petroleum Sector?

Middle East Strategic Perspectives is publishing a series of articles and presentations to shed light on the emerging Lebanese oil and gas sector. For our second edition, we have solicited Valérie Marcel, Associate Fellow at Chatham House, whose research projects focus on national oil companies and good governance in the petroleum sector, to contribute an article on the governance prospects of Lebanon’s petroleum sector. The article, inspired from her latest paper “Prospects for good governance in Lebanon’s nascent petroleum sector” (available at Energy Strategy Reviews), explains that a sound legal and institutional framework has been created, in part thanks to the help of foreign technical advisors. Future governance challenges, Marcel says, are expected in areas where Lebanon ranks poorly: control of corruption and rule of law. 

 First offshore licensing round in for oil and gas in Lebanon is delayed further because of politics. 

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