Minister Arthur Nazarian arrives to attend a Cabinet session at the Grand Serail in Beirut, Friday, May 16, 2014. (The Daily Star/Mahmoud Kheir)
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Energy and Water Minister Arthur Nazarian said Thursday that Washington may consider a Lebanese request to have the U.N. help demarcate the disputed maritime zone between Lebanon and Israel that is believed to contain natural gas reserves.Nazarian argued that most international oil companies are reluctant to explore gas in the disputed zone even if they were invited by Israel.Berri has urged the Cabinet to swiftly pass two key decrees – one that sets the number of blocks to be auctioned and another determining revenue and royalties – before Israel seizes any Lebanese gas.Nazarian said that demarcation of the disputed zone would encourage more oil companies to take part in the bidding.
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