QatarEnergy replaces Russians in Lebanese field development project



01/30/2023 8:30 AM


Russia's Novatek has been replaced in the project to develop fields in Lebanon's exclusive economic zone in the Mediterranean Sea by Qatar's oil and gas business QatarEnergy.



Ken Lund
On Sunday, a ceremony to officially welcome QatarEnergy as a partner alongside French TotalEnergies and Italian Eni was held in the Lebanese capital Beirut for the exploration and production agreements on Blocks 9 and 4.

The Qatari oil and gas corporation will contribute 30% to this project, while TotalEnergies and Eni will each contribute 35%.

Najib Mikati, the acting prime minister of Lebanon, stated during the ceremony that the beginning of development and production in Lebanese waters will have a good impact on job creation in Lebanese enterprises providing services in this industry in the short and medium term.

source: reuters.com

 


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