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Iraq to Export Fuel to Lebanon in 2021

23 Dec 2020 10:09

Islam Times - Iraq will begin exporting fuel to Lebanon starting January 2021 at "global prices," Iraqi Minister of Oil Ihsan Abdul Jabbar announced.


Abdul Jabbar's remarks came in a statement on Monday after his meeting with his Lebanese counterpart, Raymond Ghajar, in the Iraqi capital city of Baghdad.

"Exported fuel will be part of a surplus over the Iraqi refineries' current demand," the minister pointed out, adding that the supply would be "limited and to be announced later."

He also noted that the exports were expected to cover the "requirements of the Lebanese power stations to generate electricity,” as cited by the Middle East Monitor.

For his part, Ghajar told reporters that the meeting had discussed an "expansion in bilateral relations between the two countries."

Lebanon has been suffering from a severe lack of power for years, with most residential and commercial establishments dependent on generators.


Story Code: 905677

News Link :
https://www.islamtimes.org/en/news/905677/iraq-to-export-fuel-lebanon-in-2021

Islam Times
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