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Qatar's energy giant joins Lebanon gas exploration group

France’s TotalEnergies, which is also part of the consortium, said they hope to start drilling in Lebanese waters for oil and gas in 2023.
Tamim bin Hamad al Thani, Emir of Qatar, departs after meeting with German Chancellor Olaf Scholz at the Chancellery on May 20, 2022 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)

QatarEnergy, Qatar's state-owned oil and gas company, will participate in oil and gas exploration off the coast of Lebanon, Reuters reported on Thursday. 

The company will join France’s TotalEnergies and Italy’s Eni in exploring two offshore blocks. QatarEnergy will have a 30% stake in the enterprise, while TotalEnergies and Eni will each have 35%. The arrangement had been in talks since October, according to Reuters. 

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