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OFFSHORE DRILLING

Lebanon signs deal with three international oil companies

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 ...

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