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The First Time as Tragedy, the Second as Farce? Lebanon’s Nascent Petroleum Sector and the Risks of Corruption

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Original languageEnglish
Pages (from-to)1-24
Number of pages24
JournalMediterranean Politics
DOIs
Published5 Jan 2016

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Abstract

This article analyses the risks of corruption in Lebanon’s nascent governance structures established in preparation for a thriving petroleum sector. Engaging with comparative theory on the ‘oil curse’, the article assesses the risks of corruption in the institutional and regulatory measures and policy tools that have thus far been developed down the sector’s value chain and including revenue management and expenditure. Lebanon’s political settlement, or the ways in which its political decision-making process evolved since the Ta’if Accord, consistently caused disappointing outcomes when it comes to sound institution-building and countering corruption; despite signs of awareness of the large stakes involved, this tendency is once again discernible in the country’s preparations for petroleum sector governance.

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