Lebanon signs deal with 3 international oil companies

Lebanese President Michel Aoun, center, stands for the national anthem of Lebanon during the signing ceremony with an international consortium to start exploratory offshore drilling for oil and gas in Beirut. The ceremony was attended by officials from the consortium’s three oil companies, Italy’s Eni, France’s Total and Russia’s Novatek. (AP Photo)
Updated 09 February 2018
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Lebanon signs deal with 3 international oil companies

BEIRUT: 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 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 move forward with offshore oil and gas development.
The three companies have bid for two of Lebanon’s 10 offshore blocks, to determine whether oil and gas exist.
Lebanon’s energy and water minister said the country will start exploratory offshore drilling for oil and gas next year. One of the blocks is disputed in part with Israel.


Iraq parliament approves ministers but deadlock over security posts

Updated 18 December 2018
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Iraq parliament approves ministers but deadlock over security posts

  • Prime Minister Adel Abdul Mahdi has now filled 17 posts in his cabinet of 22 ministers
  • Deadlock remains over the five empty posts including the key ministers of defense and interior

BAGHDAD: Iraq’s parliament approved three new ministers Tuesday but broke up before voting on the five remaining posts.

Prime Minister Adel Abdul Mahdi has now filled 17 posts in his cabinet of 22 ministers. 

But deadlock remains over the five empty posts including the key ministers of defense and interior.

The other 14 were approved by parliament in late October.