Lebanon's president hopes TotalEnergies will resume offshore oil and gas exploration soon

sg.news.yahoo.com February 4, 2025, 08:00 PM UTC

Lebanon's President Joseph Aoun expressed hope that TotalEnergies will soon restart oil and gas exploration off Lebanon's coast. This follows a ceasefire deal that ended conflict between Israel and Hezbollah, which had previously halted drilling plans. In 2023, QatarEnergy joined TotalEnergies and Italy's Eni in a consortium to explore two maritime blocks. However, no oil or gas was found during exploratory drilling last year. Exploration efforts are now pending the formation of a new Lebanese government. Aoun's election in January ended a two-year presidential vacancy, which may facilitate reconstruction plans involving oil and gas exploration.


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