The Government of Lebanon will extend until the end of the year the deadline for submitting applications for foreign companies wishing to participate in the tender for the development of the second stage of offshore oil and gas production. This will enable more companies, including Russian ones, to prepare for bidding

▪️”We expect that Russian companies will show interest and participate in the tender. Partnership with Russia is in line with our interests, this power has not caused any harm to Lebanon, and there are many wonderful pages in the history of our relations. Therefore, we are very positive about cooperation with your country,” said Walid Fayyad, Acting Minister of Energy and Water Resources of Lebanon

We are talking about eight offshore blocks located in the exclusive economic zone in the Mediterranean Sea. According to preliminary estimates, gas reserves here amount to 3-4 trillion cubic meters

CRYSTAL OF GROWTH previously informed that, according to Alexander Galushka, one of the key trends in the development of the world economy is its regionalization, the end of globalization and the formation of new economic blocks — a network type