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The story: QatarEnergy has agreed to explore Lebanon’s territorial waters for oil and natural gas deposits as part of a consortium with France’s TotalEnergies and Italy’s ENI. The state-owned energy giant will control 30% of the joint venture under the deal, effectively replacing a Russian company. The Qatari foray into the Levant comes as Doha is reportedly also considering investing in TotalEnergies’ 27B USD agreement on energy projects in Iraq.
The coverage: Qatar News Agency (QNA) reported on Jan. 29 that Doha has become a partner in the exploration of two offshore areas near Lebanon’s coast.
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