(The Daily Star/Ali Fawaz, HO)
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The joint parliamentary committees approved Thursday a proposed law aiming to ensure transparency in oil and gas contracts. Caretaker Energy and Water Minister Cesar Abi Khalil, who attended the meetings of the joint committees at the Parliament, told a news conference that the proposed bill will be legally "nonbinding". A parliamentary subcommittee studying draft legislation to establish a sovereign wealth fund for potential proceeds from any oil and gas exploration also made progress Wednesday, according to Metn MP Ibrahim Kanaan, who headed the meeting.
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