Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 01, 2018

Israel, Lebanon Renew Spat Over Disputed Oil-and-Gas Territory

Israel, Lebanon Renew Spat Over Disputed Oil-and-Gas Territory

(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.

--With assistance from David Wainer Elena Mazneva Chiara Albanese and Francois de Beaupuy

To contact the reporter on this story: Dana Khraiche in Beirut at dkhraiche@bloomberg.net.

To contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Alaric Nightingale, Rachel Graham

©2018 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source