Yassin Fawaz- Forbes

BEIRUT–For the better part of four decades, Lebanon has been battered by one knockout punch after another. Many of its wounds have been self-inflicted–civil war, sectarian strife, political paralysis, corruption–but the country has also been beset from the outside. It was also under Syrian military domination for years, invaded twice by Israel, manipulated by Iran, and staggered by the bombing death of its former prime minister, Rafiq Hariri. Now the tiny country is struggling to feed, house and educate more than 1 million refugees from next-door Syria.
What else could go wrong? It could miss a major economic opportunity, partly for reasons beyond its control but partly because the country can’t get its act together.
Just over a year ago Lebanon, which needs all the help it can get, was preparing to auction the first licenses to drill for gas in its territorial waters. Nearly 50 major international energy corporations, including Total, Shell, Chevron and ExxonMobil, had qualified in April 2013 to enter the bidding for exploration licenses. Since then, vast new gas reservoirs have been found in the waters of Egypt and Israel, increasing the likelihood that the pool extends into Lebanese waters as well, but nothing has happened in Lebanon. The process has come to a halt.












