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14 March 2016

As part of the participatory approach that the Lebanese Petroleum Administration (LPA) is continuously adopting with stakeholders, the Chairman and Head of Economic and Finance Department at the LPA, Mr. Wissam Zahabi, took active participation in the Oil & Gas forum entitled “Lebanon’s National Wealth” which was organized by “Front Page Foundation” and held at HAIGAZIAN University on the 7th of April 2016. The purpose of this forum was to raise awareness on the governance and transparency of the prospective oil and gas sector in Lebanon.

In this context, Mr. Zahabi presented the institutional framework addressing the governance structure and transparency of Lebanon’s prospective oil and gas sector. Additionally, Zahabi tackled the transparency measures stipulated by the Lebanese legislative framework that enhance transparency and accountability. Furthermore, Mr. Zahabi mentioned the most important goals of the sector which goes around the attraction of the investments and the maximization of the Lebanese economy, among others.

Other panelists including the president of the Haigazian University - Dr. Paul Haidostian, Minister of Energy and Water - Mr. Arthur Nazarian, Member of the Parliament - Mr. Ghassan Moukheiber, President of Forum for National Dialogue - Mr. Fouad Makhzoumi focused on the need to implement and use the highest degree of transparency in the management of the Lebanese oil and gas sector due to its importance and direct impact on economy.

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