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Qatar’s presence in eastern Mediterranean benefits Egypt, Turkey

Qatar is enhancing its presence in the eastern Mediterranean that is rich in oil and gas reserves at a time when tensions are ripping through the region over the maritime borders and excavation rights.
Andrew Swiger, senior vice-president of Exxon (L) shakes hand with Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum after signing an agreement, Doha, Qatar, June 3, 2018.

Qatar has strengthened its presence in the eastern Mediterranean, which is rich in oil and gas reserves, at a time when tensions are high in the region over maritime borders and exploration rights.

Qatar Energy, owned by the Qatari government, and the US giant ExxonMobil signed a contract Dec. 10 with Cyprus for oil and gas exploration and production sharing in Block 5 off the coast of the divided island of Cyprus.

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