POLITICAL WRANGLING AND RED TAPE OBSTRUCTS LEBANESE OIL AND GAS PRODUCTION

BY SAMI HALABI BEFORE the county's 1975-90 civil war Lebanon was an oil transit nation, with pipelines running through its territory from Saudi Arabia, and export terminals on its shores. Today, the country cannot even produce the electricity it needs to power its cities and is completely dependent on imports of oil and gas for energy. But all of that may be about to change in the next decade. Lebanon took the first step to once again becoming an oil and gas player last August when its parliament unanimously passed its first law covering maritime exploitation ...


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