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Lebanon Spring Blog

~ A Lebanese political blog

Tag Archives: Gibran Bassil

Why a Government $25,000 Monthly Salary Could be Acceptable in Lebanon

30 Sunday Dec 2012

Posted by Zak in LB Politics, LB Social, Lebanon, Politics

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Tags

Executives, Gibran Bassil, lebanon, Oil and gas, Petroleum Committee

20121230-143813.jpg

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So what is an acceptable salary for a government or government-affialted employee in a country where the minimum wage is less $600 per month? I suppose the answer is not an easy, especially if the job differs massively from a role to another.

This issue was strongly brought up last week in the media with the big salaries allowed to the members of the newly formed petroleum committee in Lebanon. Minister Gibran Bassil wanted to pay them $25,000/m as a total package, but the cabinet reduced that to nearly $17,000 with a 17% allowance on top for not taking any employment at the end of contract (paid in two instalments at the mid and end of the employment). The approved compensation includes a $2,000 housing allowance.
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2015 Will Be The Lebanese Year For Oil & Gas Exploration

24 Monday Dec 2012

Posted by Zak in LB Politics, Lebanon, Politics

≈ 3 Comments

Tags

drilling, Energy, exploration, Gibran Bassil, lebanon, Oil and gas

20121224-182308.jpg

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At last, some movement is being recorded on the front of the exploration of oil and gas in Lebanon according to Assafir, who said that in the cabinet will approve the tendering timeline in its next meeting on Thursday.

Better late than never; we will keep a close eye on the progress, the but timeline is looking like this:

1- January 2013: start of the pre-qualification period for the interested companies
2- May 2013: start of the tendering period for the shortlisted qualified companies
3- December 2013: deadline for submittal of tenders
4- February 2014: announcement of winning tender after evaluation
5- May 2014: sign the contract after a period of negotiations
6- Some time in 2015: start of exploration works

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