{"id":550068,"date":"2022-10-12T03:50:02","date_gmt":"2022-10-12T03:50:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/mediterranean-powers-are-drawing-new-maritime-maps-and-divvying-up-the-oil-gas\/"},"modified":"2022-10-12T03:50:02","modified_gmt":"2022-10-12T03:50:02","slug":"mediterranean-powers-are-drawing-new-maritime-maps-and-divvying-up-the-oil-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/mediterranean-powers-are-drawing-new-maritime-maps-and-divvying-up-the-oil-gas\/","title":{"rendered":"Mediterranean powers are drawing new maritime maps and divvying up the oil + gas"},"content":{"rendered":"

<\/a> Israel and Lebanon have agreed on a \u201chistoric\u201d maritime border demarcation <\/strong>agreement<\/strong>, which will have implications for natural gas reserves, AP<\/a> reports US President Joe Biden as saying yesterday. The US-brokered agreement is expected to pave the way for both countries to exploit natural gas resources in a previously disputed area of the Mediterranean, potentially helping alleviate Lebanon\u2019s economic woes. The final form of the agreement needs official sign-off from both countries\u2019 governments.<\/p>\n

Turkey is planning oil and natural gas exploration in Libyan waters<\/strong>, President Recep Tayyip Erdogan said, after Ankara inked a controversial maritime borders agreement with the Libyan national unity government, Bloomberg<\/a> reports. Egypt<\/a>, Greece, the EU, and Libya\u2019s rival administration last week<\/a> rejected the pact, saying it violated existing international law and that the Tripoli government doesn\u2019t have the authority to enter such agreements after Libya\u2019s election process stalled in December<\/a>.<\/p>\n

Also worth knowing this morning:<\/strong><\/p>\n