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Lebanon s Central Bank Can No Longer Subsidize Fuel
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Lebanon Will Reportedly Lift The Fuel Subsidy On Tuesday
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Iran Uses Iraq To Tie Lebanon Into Massive Power Plan
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By John Lee.
Lebanese Electricity Corporation with 1 million tonnes of heavy fuel oil over a one-year period.
Lebanon s caretaker Energy Minister, Raymond Ghajar, signed the deal in Baghdad at the weekend.
The oil will be paid for in goods and services.
(Sources: Govt of Iraq, NNA)
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Iraq signs deal with Lebanon to give Beirut 1mn tons fuel oil in exchange for medical services Saturday, 24 July 2021 10:18 PM
[ Last Update: Saturday, 24 July 2021 10:18 PM ] Iraqi Prime Minister Mustafa al-Kadhemi (C) looks on as Lebanon s energy minister Raymond Ghajar (L) and Iraq s Finance Minister Ali Allawi (R) sign bilateral agreements in the capital Baghdad, on July 24, 2021.
Iraq has reached a deal with cash-strapped Lebanon to provide it with one million tons of fuel oil in exchange for receiving medical services,
helping the small Mediterranean country ease its acute power shortage.
On Saturday, Lebanese caretaker Energy Minister Raymond Ghajar and Iraq s Finance Minister Ali Allawi in capital Baghdad signed a deal, according which Iraq will give one million tons of heavy oil to Lebanon in exchange for “goods and services”, said a statement by Iraqi authorities.