WFD is implementing a three-year programme (2015-2018) with the Lebanese Parliament to respond to important policy issues. Working with the Committee on Public Works, Energy, Water and Transport, and the Research and Information Department, the programme provides technical advice on the management of the oil and gas industry.
Results and Activities
- The quality of debate in Parliament improved: A team of experts provided expert analysis on various bills under parliamentary consideration (Oil & gas taxation law; Transparency of Oil & Gas sector).
- On 18 September 2017, the Lebanese Parliament passed the Oil & Gas Tax bill, completing the Petroleum Legal Framework allowing foreign companies to bid for offshore oil and gas exploration in Lebanon territorial water.
- WFD supported the Public Work and Energy Parliamentary Committee in the review of the draft Oil & Gas taxation bill including a recommendation on ring-fencing that was included in the final bill.
- Following the workshop organised by WFD entitled: ‘Introduction to Extractive Industries Transparency Initiative (EITI) the Public works, energy, water and transport committee has issued a recommendation to the government to join the Extractive Industries Transparency Initiative (EITI), which was done in January 2017.
Strengthening the Parliament of Lebanon
Planned end: March 2018