SAWT BEIRUT INTERNATIONAL

| 29 May 2022, Sunday |

Maritime borders demarcating file is back… Hochstein in Beirut

It seems that demarcation of the maritime borders’ file, has begun to return to the fore again, as the American envoy in charge of mediation between Lebanon and the Israeli side, Amos Hochstein, begins a visit to Beirut early next month, in an attempt to re-activate the negotiations that have been frozen between the two parties since May. 2021, after holding four sessions under the auspices of the United Nations and American mediation, without reaching an agreement.

In addition to its need for energy, Lebanon hopes to extract its oil wealth and attract foreign investment, as it has been suffering for more than two years, from the worst economic crisis in its history, which led to a financial collapse, and the loss of fuel, medicine and other basic commodities.

Some sources indicate that the agreement that the United States wants to conclude between Lebanon and Israel, in the event that negotiations continue to falter, requires assigning a specialized Emirati company to extract oil and gas and work in it, provided that the profits are placed in a fund, and subsequently divided between the two parties.

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  • Sawt Beirut International