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Lebanon can now move forward with confidence to explore its southern blocks, after the finalization last week of an understanding with Israel on their maritime border. Eight blocks remain on offer in the Lebanese Second Offshore Licensing round. PGS has MultiClient data covering all blocks on offer.
President Aoun leaves office amid Lebanon’s financial crisis
BEIRUT: Lebanon officially entered into a presidential vacuum on Tuesday. The Lebanese flag was lowered to half mast at the Baabda Presidential Palace and a memorandum was issued to take down the photo of former President Michel Aoun from offices and halls in official departments, following the protocols adopted at the end of the presidential term. Arab and international
Michel Aoun this week left Lebanon’s presidential palace a day before his six-year term was due to end, but not before detonating a mine that will further suck the troubled country into a constitutional black hole. He signed a decree accepting the resignation of the government and demanded Najib Mikati be removed as prime minister-designate, thus deepening the legal vacuum the
Michel Aoun signs decree formalising resignation of Najib Mikati’s caretaker government.