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
0

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.


Egypt’s days-long heatwave will continue until Wednesday

Updated 22 May 2018
0

Egypt’s days-long heatwave will continue until Wednesday

  • Meteorologists quoted by local media expect temperatures in Cairo to hit 41C
  • A days-long heatwave started on Thursday coinciding with the beginning of Ramadan

CAIRO: A heatwave currently gripping Egypt is expected to continue until Wednesday, the Egyptian Meteorological Authority said.
A days-long heatwave started on Thursday coinciding with the beginning of Ramadan.
Swathes of the country experienced a gradual temperature rise by 4-7 degrees celsius.
Meteorologists quoted by local media expect temperatures in Cairo to hit 41C.
Milder temperatures are expected along the north coast, and temperatures will peak in Aswan and the New Valley at 47C in the daylight hours, but will lower by the evening.
Visibility will be affected by mist during morning time in Lower Egypt, and along the north coast. Low and medium-level clouds are anticipated on Wednesday along the north coast.
Forecasters previously warned that the weather will be “very hot” during daylight hours when Muslims fast.
Egypt’s second city of Alexandria is forecast to receive a high of 33C.
This year, Muslims in Egypt are fasting for more than 15 hours daily.