Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
As Lebanon is added to the global oil and gas map, there is a perception that the nation may have finally hit the jackpot.According to the International Energy Agency, no significant oil and gas production is expected from countries such as Lebanon before 2020 under the most optimistic scenario. By then, oil and gas markets are likely to look structurally different from what they are today. Wherever they are found in the world, oil and gas resources have the ability to transform fortunes of countries, companies and citizens.In Lebanon, if oil and gas discoveries are made, the outcome will depend on the way the sector is managed from the start.Exaggerated statements should be toned down, and the Lebanese should be clearly aware of what they are getting themselves into. Most importantly, they should accustom themselves to the cautious handling of this special sector, which, if successfully developed, will dwarf any other sector the Lebanese economy has ever experienced.
Transparency in oil and gas: Aspirations and realities
Beirut has no ideal strategy for awarding oil and gas licenses
Keep Lebanon oil and gas bids transparent
FOLLOW THIS ARTICLE