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)
Many commentators, Lebanese and foreign alike, warned particularly of the risk, and for some even the inevitability, of widespread corruption in Lebanon's emerging petroleum sector. They variously suspect that high levels of corruption will result from an unhappy mix involving international oil companies not especially reputed for fair and transparent practices, Lebanon's political class that is widely viewed as corrupt and greedy and a dysfunctional, divided and gridlocked political process at best geared toward divvying up the cake – what is known in Lebanon as "mukhasasa". To be fully prepared for Lebanon's possible transformation into a major oil and gas producer, the risks of corruption in its nascent petroleum sector need to be better understood and addressed. These were undertaken with the aim of raising public awareness and knowledge relevant to the petroleum sector and its governance, and monitoring Lebanon's media coverage of the issue while enhancing media capacity.It may also help create more favorable conditions to counter the risks of corruption if or when petroleum production begins and the revenues start coming in.
Hizbullah should hedge its bets
FOLLOW THIS ARTICLE