Iraq and Lebanon sign Fuel Barter Deal - Panorama Insurance Brokers

Iraq and Lebanon sign Fuel Barter Deal

By John Lee.

Iraq and Lebanon have finalised an agreement under which Iraq will provide the 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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