(OilPrice) Oil and natural gas from Lebanon’s yet to be exploited fields in the Mediterranean Sea are heading into troubled waters experts in Beirut predict. Unless the Lebanese government adopts stern transparency measures, wide-ranging corruption and gross unaccountability, rampant in the Lebanese political system, could cause the country to see important revenues diverted from the state coffers into private bank accounts.

A symposium organized in the Lebanese capital this past weekend by the Sam Houston University’s Global Center for Journalism and Democracy in association with the Beirut-based Samir Kassir Foundation brought together a number of local and international experts and about 25 young Lebanese journalists, some of whom expect to be assigned to cover the oil and gas sector, once a number of political roadblocks are removed and drilling actually begins.

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