Home Economics & PolicyCan Bassil go it alone?

Can Bassil go it alone?
ENAR

by Jeremy Arbid

On January 8, caretaker Minister of Energy and Water Gebran Bassil again delayed the first licensing round for offshore oil and gas exploration ­— perhaps the biggest hope for Lebanon’s static economy. The reason was the same as the two previous times it had been delayed since September — two decrees need to be signed to allow the round to move forward. Political infighting has prevented the cabinet meeting to do so, thus Bassil has been forced to keep pushing back the bid. But while this was old ground, this time there was a twist. Setting a new date of April 10, Bassil was adamant that “the [new] deadline is a final one.” He did not specify exactly what he meant by this, but this ambiguity has led some to interpret that if a cabinet has not been formed by April the minister will attempt to push through a move

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Addressing transparency in Lebanon’s oil and gas sector May 8, 2015 - 10:40 AM

[…] stable investment environment would go a long way toward renewing interest — you once told me that is what companies expect in legal frameworks. It’s the same for political stability that is […]

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