NOVATEK got 70% in GPB Mediterranean, created for participation in the tender on the shelf of Lebanon

Novatek Overseas, a subsidiary of the Russian largest independent gas producer OJSC “NOVATEK”, became the owner of 70% in GPB Mediterranean (present Novatek GPB Overseas), which was created for the participation at a tender for the right to develop the shelf of Lebanon, said  a statement of the gas producing company.

“Rosneft”, LUKOIL and NOVATEK prequalified to take part in the first licensed round for the right to carry out geological exploration at the shelf of Lebanon, the Minister of Energy of Lebanon Gebran Basil said.

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