Hochstein Is Visiting Beirut Subsequent Week To Submit The US-Signed Demarcation Proposal

U.S. power mediator Amos Hochstein will go to Beirut subsequent week to submit a U.S.-signed demarcation proposal, Deputy Speaker Elias Bou Saab stated.

Final week, Lebanon agreed on the phrases of the U.S.-mediated deal over a maritime border dispute involving offshore gasoline fields.

Bou Saab stated that Hochstein will submit the proposal signed by the U.S. authorities.

As quickly because the U.S. sends a discover confirming it has acquired from Lebanon and Israel their separate approvals, the demarcation deal will go into drive.

Lebanon and Israel will then deposit maritime border coordinates with the United Nations in a transfer that may override 2011 submissions by each nations.

Hochstein had stated that he’s additionally engaged on finalizing a deal that would supply gasoline and electrical energy to Lebanon from Egypt and Jordan through Syria.

“We’re going to work with the World Financial institution and Treasury Division to be sure that it first doesn’t have an effect on any sanctions, which I feel we’re okay on, however we must have a dedication formally,” Hochstein added.

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