28 April 2016
ROUND TABLE DISCUSSION: “THE ROLE OF A NATIONAL OIL COMPANY IN THE GOVERNANCE OF THE OIL AND GAS SECTOR IN LEBANON”
Governments often rely on a variety of tools to maximize value creation and optimize socio-economic benefits stemming from petroleum activities. In this regard, it’s important to critically understand the characteristics, advantages and disadvantages of a National Oil Company (NOC) when developing the nascent petroleum sector in Lebanon.
In this context, the LPA in collaboration with the Lebanese Center for Policy Studies (LCPS) organized a round table discussion on the 28th of April 2016 to address issues related to the role of a National Oil Company (NOC) in the governance of the oil and gas sector in Lebanon.
Dr. Valerie Marcel, Associate Fellow at the London-based think-tank Chatham House, addressed the possibility of establishing an NOC in Lebanon stressing on the importance of several factors that must be taken into consideration, such as clearly defining the roles and responsibilities of an NOC, the time-factor associated with the establishment of such a company and the costs related to an NOC drawing on examples from several countries across the world.
The LPA’s Chairman Wissam Zahabi along with the LCPS Director Sami Attallah moderated the discussions. Other participants included representatives from governmental institutions, Civil Society Organizations (CSOs), and international experts.
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