Lebanon committed to oil, gas transparency

28 Jan 2017   Lebanon

Transparency is a top priority for a Lebanese government looking to bring bidders back to its offshore oil and gas reserves, the energy minister said. Lebanon this week filed a request to join the Extractive Industries Transparency Initiative, a body that aims to cast light on how countries manage their oil, gas and mineral resources. Energy Minister Cesar Abi Khalil said that, as the country opens itself up to foreign energy investors, accountability was essential. “At the beginning of the new term [of office], transparency is our main focus,” he was quoted by The Daily Star in Lebanon as saying. The effort follows a decision to put five offshore oil and gas blocks up for auction in […]

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