(MENAFN– Famagusta Gazette) Lebanon has permitted a three-dimensional seismic survey in block 8 of its economic zone in the East Mediterranean, Elnashra news website reported.
Lebanese Minister of Energy and Water Walid Fayyad announced Thursday at a press conference that the survey was licensed to a multinational consortium, according to the report.
“Hopes are high concerning this block and the data to be collected in block 8,” he was quoted as saying.
Lebanon and Israel finalized a U.S.-brokered maritime border demarcation deal in October last year, bringing both countries closer to oil and gas exploration in their waters after years of negotiations.
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