Oil companies TotalEnergies and Eni said they had completed the transfer to QatarEnergy of a 30 per cent interest in the exploration Blocks 4 and 9 which are situated off the coast of Lebanon.
TotalEnergies and Eni will each retain a 35 per cent interest in the blocks with QatarEnergy holding the remaining 30 per cent.
"We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon's maritime border with Israel has created a new momentum for the exploration of its hydrocarbon potential," said TotalEnergies Chairman and CEO Patrick Pouyanné. -Reuters