15 Jul '11, 11am

ODAC Newsletter - July 15: Filed under: Energy News

Israel is to submit a claim to the United Nations in the next few days demarcating its maritime boundary with Lebanon, officials here said Sunday, amid a dispute between the countries over an area of the Mediterranean Sea that is potentially rich with energy resources. The Israeli cabinet approved a map of the Israeli-proposed line on Sunday. "This boundary will delineate the area in which the state enjoys exclusive economic rights, including the right to exploit the sea's natural resources," Prime Minister Benjamin Netanyahu told his cabinet. "Our goal," he said, "is to determine Israel's position regarding its maritime border, in keeping with the principles of international maritime law."...

Full article: http://energybulletin.net/stories/2011-07-15/odac-newslet...

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