Finance committee to approve oil sovereign fund before August drilling
The Finance and Budget Parliamentary Committee held a session Monday to discuss the issue of the creation of an oil and gas sovereign fund.
“We discussed the report of the sovereign fund subcommittee and endorsed its content in terms of the commitment to the independence of its management and the transparency of its accounts and foreign investments,” Committee chief MP Ibrahim Kanaan said after the meeting.
“We will hold two sessions on Thursday and Monday to approve it in a final manner and submit it to parliament so that it be ready prior to the beginning of exploration in mid-August,” Kanaan added.
Source: Naharnet
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