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Asharq Al-Awsat
Asharq Al-Awsat
Business
Doha - Asharq Al-Awsat

QatarEnergy Seeks to Acquire 30% stake in Lebanon's Offshore Exploration Area

QatarEnergy TotalEnergies Qatar Kaabi Total Lebanon Eni Novatek ConocoPhillips Oil
Press conference at the signing ceremony of the partnership agreements between QatarEnergy and ConocoPhilips (Reuters)

QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies and Eni in this regard, announced CEO Saad al-Kaabi.

Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached a deal handing the French oil significant temporary majority control of the block and paving the way for negotiations with Qatar over a stake in the gas project.

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