QatarEnergy has entered into an agreement with the Lebanese government, TotalEnergies, and Eni to participate in oil and gas exploration activities offshore Lebanon. According to the agreement, QatarEnergy will acquire a 30% stake in Block 8, while TotalEnergies, which will serve as the operator, and Eni will each hold a 35% interest.
Block 8 is situated about 70 kilometers off Lebanon’s southern coast at water depths ranging from approximately 1,700 to 2,100 meters.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated: “We are pleased to secure this exploration block, which allows us to support the development of Lebanon’s upstream oil and gas sector reflecting and reaffirming the State of Qatar’s ongoing commitment towards a brighter future for Lebanon and its people.”
Al-Kaabi also expressed appreciation for the cooperation received from Lebanese officials: “I would like to thank His Excellency Mr. Joseph Saddi, the Minister of Energy and Water of Lebanon, and his team for their support, which led to this milestone. We look forward to continue working with them and with our strategic partners TotalEnergies and Eni and to achieve a successful and promising outcome.”
The agreement marks another step in international collaboration aimed at developing Lebanon’s energy resources.
