Friday, 9 February 2018
Lebanon has signed a deal with an international consortium to start exploratory offshore drilling for oil and gas in what the country hopes will help boost its struggling economy. The signing ceremony was held on Friday in Beirut and was attended by President Michel Aoun and officials from the three oil companies, Italy's Eni, France’s Total and Russia’s Novatek. The agreement came two months after Lebanon’s government approved the licenses for the international consortium to ...
Thursday, 14 December 2017
Lebanon’s cabinet approved a bid on Thursday by a consortium of France’s Total, Italy’s ENI and Russia’s Novatek, in the country’s much-delayed first oil and gas offshore licensing round, a government source told Reuters. Exploratory drilling is expected to start at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said in a statement. “Congratulations to the Lebanese people on the passing of the oil decree and on Lebanon entering the club of ...
Friday, 27 January 2017
Criminal charges already have been filed against both companies and several executives in an Italian court in Milan
Monday, 19 December 2016
Bid to revive pact with the Italian oil major prior to sanctions
Tuesday, 8 September 2015
Analysts also said that the discovery could also help Cairo consider entering the export market.
Tuesday, 25 February 2014
Iraq’s cabinet approved two major contracts for Eni’s Zubair oilfield project worth about $1 billion