Lebanon's Block 9: Ready for Oil and Gas Drilling Following Israel Maritime Agreement

Lebanon's Block 9 is set for oil and gas drilling as a drilling rig arrived on Wednesday, marking the start of exploration by a consortium led by France's TotalEnergies. This follows a US-brokered agreement that established a maritime border between Lebanon and Israel, allowing for drilling beyond the border. Lebanon hopes that gas and oil discoveries will help alleviate its severe economic crisis, which has led to a significant devaluation of its currency and rolling blackouts across the country.