By Najia Houssari — Arabnews.com — BEIRUT: Lebanon’s president has hailed progress in the dispute with Israel over its southern maritime border, saying that US-led mediation efforts were close to finding a solution. Michel Aoun’s office said that the latest round of discussions had concluded and that Amos Hochstein, the lead US negotiator, was preparing a draft of a final agreement. “Reaching an agreement on the demarcation of the southern maritime borders means the start of the process of exploration for oil and gas in the Lebanese fields located within the exclusive economic zone,” Aoun said. He added that signing a deal would “mark the beginning of the economic recovery process.”
Hochstein told Aoun during a call on Sunday that the discussions had been wisely managed by Lebanon. The presidential palace announced that Lebanon would carefully study the final version of Hochstein’s proposal. The positive feedback comes days after Israel had rejected Lebanon’s revisions of the proposal. A spokesman for the US State Department told Al-Arabiya on Monday that Hochstein was working to resolve outstanding differences, adding that “we believe that a sustainable agreement is both possible and within reach.”