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Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining

Rocky

Rocky: Admin Assist; Posts : 277418
Join date : 2012-12-21

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Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining

by Rocky Fri 23 Aug 2024, 4:09 am

[size=36]Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining[/size]

economy | 09:25 - 08/22/2024

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Mawazine News - Baghdad

The Minister of Energy and Water in the caretaker Lebanese government, Walid Fayyad, explained that Iraqi fuel continues to flow to Beirut and its dues amount to $250 million. Fayyad confirmed that "Iraqi fuel continues to flow to Lebanon, and that the delay that occurred is mainly due to logistical reasons." He explained that "Lebanon has paid the dues of the Iraqi side related to the first year of the fuel supply contract, amounting to $530 million." He continued, "The remaining dues currently for part of the second year, amounting to $250 million, require legislation from the House of Representatives to cover the financing of the second and third years of the contract," adding that "the Iraqi side understands this matter."

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Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining

Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining

[size=36]Lebanon announces payment of $530 million of Iraqi fuel dues, $250 million remaining[/size]

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