Iraq to provide Lebanon with fuel for another year: Lebanon PM

  • Date: 11-Aug-2022
  • Source: Al-Monitor
  • Sector:Oil & Gas
  • Country:Lebanon
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Iraq to provide Lebanon with fuel for another year: Lebanon PM

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.

Iraq signed an agreement in July 2021 to give cash-strapped Lebanon one million tonnes of fuel oil to help keep the lights on as the country grapples with power cuts up to 23 hours a day during an unprecedented economic crisis.

"The Iraqi government, headed by Mr Mustafa al-Kadhemi, approved in a meeting today... to extend the supply of fuel to Lebanon... for a period of one year, under the same conditions as before," Lebanese Prime Minister Najib Mikati's office said in a statement.