Bassil aboard a vessel off Lebanon's coast. (The Daily Star/ Elias Sakr)
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Lebanon has no proven oil and gas reserves, despite a spate of articles, reports and ministerial claims to the contrary. There's a good indication that there are off-shore oil and gas reserves in Lebanese waters, but at this stage it remains just that, an indication. Indeed, many believe that if it continues as the country develops legislation regulating the sector, many things could go wrong down the line.It found that in 122 stories about the sector published between Feb. 1 and April 15, 2014, there were mistakes in around half of them, and many relied on a single source.SKEyes are in the process of publishing an updated monitoring report on sector, and provided The Daily Star with an advance copy. The major challenges for reporting on oil and gas arise from the country's myriad governance and structural issues.This was highlighted earlier this month when former Energy and Water Minister and now Foreign Minister Gebran Bassil and Parliament Speaker Nabih Berri reportedly came to an agreement on the oil and gas sector.
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