Latest topics
Lebanon: Exceptional approval to conclude the oil agreement with Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Lebanon: Exceptional approval to conclude the oil agreement with Iraq
Lebanese President Michel Aoun
12/08/2021
Economy News - Baghdad
On Thursday, Lebanese President Michel Aoun and Caretaker Prime Minister Hassan Diab gave exceptional approval to conclude the oil agreement with Iraq.
The Presidency of the Council of Ministers said in a tweet via “Twitter”: “The exceptional approval was issued by the President of the Republic, Michel Aoun, and the Prime Minister of the caretaker government, Hassan Diab, on the request of the Ministry of Energy and Water for an agreement to sell oil. The fuel signed between the Iraqi and Lebanese sides, and the fuel oil purchase contract signed between the General Directorate of Oil and the Iraqi Oil Marketing Company (SOMO), after taking the opinion of the Legislative and Consulting Commission.
She explained that "the exceptional approval included a draft law aimed at authorizing the government to conclude the agreement and a draft decree referring it to the House of Representatives."
Last July, Lebanon signed contracts with Iraq, one of which relates to fuel oil, and another to the return and refining of oil, while a final contract was signed to import one million tons of fuel from Iraq.
Lebanon suffers from a shortage of fuel necessary to operate electricity production plants, and of diesel used to operate private generators, with the depletion of the dollar reserves at the Banque du Liban and its delay in opening import credits.
Over the past months, the ability of the Electricité du Liban to provide electricity has gradually declined, which led to raising the rationing hours to exceed 22 hours per day in some areas. The private generators, due to the lack of fuel, were no longer able to provide the fuel needed to cover the hours of power outages, which in turn forced them to ration.
https://economy-news.net/content.php?id=25957
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Mar 27, 2024 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash