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LCPS

LCPS The Lebanese Centerfor Policy StudiesCarole NakhlePolicy PaperLicensing and upstreampetroleum fiscal regimes:Assessing Lebanon s choices LCPS policy papers are in-depthresearch papers that addressrelevant policy questions andshed fresh light on topics related to governance and development. Founded in 1989, the Lebanese Center for Policy Studies is a Beirut-based independent, non-partisan think-tank whose mission is to produce and advocate policies that improve good governance in fields such as oil and gas, economic development, public finance and research was funded by the International Development Research CenterCopyright 2015 The Lebanese Center for Policy StudiesDesigned by PolypodExecuted by Hamsa MoubayedSadat Tower, Tenth 55-215, Leon Street,Ras Beirut, LebanonT: + 961 1 79 93 01F: + 961 1 79 93 and Upstream Petroleum Fiscal Regimes.

4 LCPS Policy Paper Executive Summary Doubts have been raised and criticisms continue to be made about Lebanon’s choice of upstream petroleum fiscal terms and strategies to award oil and

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