Eni and TotalEnergies transferred their 30% interest in Lebanon's offshore exploration Blocks 4 and 9 to QatarEnergy, an Eni press release announced on Jan. 29.

Eni now holds a 35% interest in the blocks, while operator TotalEnergies holds the remaining 35% interest.

The transfer was completed during an agreement signing between Lebanon Minister of Energy and Water Walid Fayad, QatarEnergy president and CEO and Qatar Minister of State for Energy Affairs Saad Sherida Al-Kaabi, Eni CEO Claudio Descalzi and TotalEnergies CEO Patrick Pouyanné in Beirut.

"The operation strengthens the strategic cooperation with QatarEnergy, a partner in Qatar, Oman, Mexico, Morocco and Mozambique and confirms the interest of the exploratory basins in the eastern Mediterranean," Eni said in the release.