Israel, Lebanon renew spat over disputed oil-and-gas territory

Must Read

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global...

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Bloomberg) Lebanon’s prime minister and other senior figures in the country’s government reacted angrily to comments by an Israeli official once again laying claim a disputed maritime area said to be rich in oil and gas.

International oil companies are making a “grave mistake” participating in bids to explore in an area that belongs to Israel and and doing so “is contrary to all the rules,” according to a ministry statement citing Israeli Defense Minister Avigdor Liberman. He didn’t specify which area.

Late last year, Lebanon awarded bids to Total SA, Eni SpA and Novatek PJSC to explore for oil and gas in blocks 4 and 9 in the country’s exclusive economic zone. Israel lays claim to block 9 among two others. The U.S. is working on resolving the dispute, Prime Minister Saad Hariri said last month.

Responding to Liberman, Hariri said Israel’s claim was invalid and is within Israeli policies “to undermine the rights of others and threaten regional security.” President Michel Aoun and his son-in-law Foreign Minister Gebran Bassil joined Hariri with the president describing the comment as a “direct threat to Lebanon,” the state-run National News Agency reported.

Total declined to comment while Novatek said it would not comment outside business hours in Moscow. Eni didn’t immediately respond to requests for comments.

Bassil published a letter Lebanon sent to the office of the Secretary General of the United Nations in which the country voiced concern over Israel’s repeated “illegal threats.”

Lebanon and Israel are no strangers to fiery rhetoric and accusations as both countries are technically in a state of war. Lebanon is expected to sign exploration contracts with the companies to begin work in its waters on February 9.

- Advertisement -

Latest News

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees...

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in its End of Year Outcome...

High performance from Guyana as 2020 half-year discoveries hit lowest in 100 years

Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among...

‘The worst is behind us’: Analysts see continued recovery for global oil markets

After reaching historic lows in April, global oil prices could continue to chop higher in the coming months as COVID-19 shelter-in-place restrictions begin to...

More Articles Like This