King's College London

To be fully prepared for Lebanon’s possible transformation into a major oil and gas producer, the risks of corruption in connection to its nascent petroleum sector need to be better understood and addressed. Given Lebanon’s dismal track record in countering corruption and its chronically gridlocked political process, the risks of corruption in the country’s nascent petroleum sector are significant. This paper tracks such risks along the value chain of the country’s expected petroleum production and in the context of revenue management and expenditure.