Lebanese Foreign Minister Gebran Bassil has announced an agreement with Cyprus to address their maritime border to enable “an oil and gas alliance” to be formed.
Lebanon’s Mediterranean territory is due to contain 10 oil and gas blocks, four of which border Cypriot waters.
“We have set dates for reaching joint agreements,” Bassil told the Beirut media alongside his Cypriot counterpart Nikos Christodoulides.
The Cypriot minister told the media, according to Lebanon’s Foreign Ministry: “We agreed to initiate discussions on a bilateral framework agreement concerning the development [of] hydrocarbons resources which cross the median line between our exclusive economic zones".