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French Total to drill exploratory well off Lebanese coast
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French Total to drill exploratory well off Lebanese coast
A ship that will set up the first oil and gas exploration well off the Lebanese coast has arrived in Lebanon where it will start work later this week, French oil giant Total and Lebanon's government announced Tuesday. The arrival of the drill ship comes at a time when Lebanon is going through its worst economic and financial crisis in decades and a severe liquidity shortage. Many hope oil and gas will be discovered off the Lebanese coast and in the future reduce the country's massive debt as well as create jobs in the energy field.
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