Israel and Lebanon finalized an agreement defining their maritime borders in the Mediterranean on Thursday, President Joe Biden announced on Twitter, inking a United States-brokered deal at the United Nations mission on the land border between the countries.
The signing ceremony officially settles a years-long maritime border dispute involving major oil and gas fields in the Mediterranean. The neighboring countries – still formally at war – had been at odds for years over an area of the sea off the coast of Israel and Lebanon.
The area in question touches the Karish oil and gas field and a region known as the Qanaa prospect. The deal gives oil and gas rights in the Karish field to Israel, while Lebanon gets access to the Qanaa prospect – with Israel earning 17% of the profits.
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WNU Editor: Hezbollah has accepted this deal (for now) .... Hezbollah ends state of alert over maritime border - Nasrallah (Jerusalem Post).
Israel And Lebanon Finalize Mediterranean Border Agreement
Israel, Lebanon finalise maritime demarcation deal without mutual recognition -- Reuters
Lebanon and Israel sign sea border deal -- AP
‘A new era’: At border ceremony without handshakes, Israel-Lebanon deal takes effect -- Times of Israel
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