Kanaan: Let's keep oil at sea if sovereign fund won't be sovereign

W300

The head of the Finance Parliamentary Committee, MP Ibrahim Kanaan, announced Wednesday that “remarkable progress” has been made in the discussions related to the establishment of a sovereign fund to manage Lebanon’s offshore oil and gas resources.

“We are working on merging four draft laws… and we have reached Article 10 and all articles related to its establishment have been approved,” Kanaan said after a session.

“There won’t be a splitting of shares in the sovereign fund and if the fund won’t be sovereign, let’s keep the oil at sea,” the MP added.

SourceNaharnet
Comments 2
Missing rabiosa 13 days

“There won’t be a splitting of shares in the sovereign fund and if the fund won’t be sovereign, let’s keep the oil at sea,” the MP added.

Exactly Mr. Kanaan. Those who don't want it, is because they ant to continue to steal public funds plain and simple.

Thumb lebanon_first 13 days

All the oil is useless. Lebanese shia will steal it all with hezbi weapons.