Lebanon to sign oil and gas exploration agreements

On December 17, 2017, the consortium came forward with bids for two of the 5 blocks that were open for bidding,
by Georgi Azar

26 January 2018 | 18:51

Source: by Annahar

  • by Georgi Azar
  • Source: Annahar
  • Last update: 26 January 2018 | 18:51

In this photo provided by the Cyprus Press and Information office, the Noble Energy Company's offshore oil and gas rig is seen some 115 miles (185 kilometers) off Cyprus' south coast, Monday, Nov. 21, 2011. (AP Photo)

BEIRUT: Energy Minister Cezar Abi Khalil announced on Friday that Lebanon will sign on February 9 agreements for offshore oil and gas exploration by an international consortium of energy companies, a month after the Cabinet approved two bids by France’s Total, Italy’s Eni and Russia’s Novatek.

The consortium is expected to start drilling in blocks 4 and 9 of Lebanon's Exclusive Economic Zone in 2019, Abi Khalil had said. 

On December 17, 2017, the consortium came forward with bids for two of the 5 blocks that were open for bidding. Lebanon's exclusive economic zone is divided into 10 blocks in total.



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