Lebanon and Iraq Deepen Energy Ties with Renewed Oil Agreement

This is Beirut, 06/05 18:27 - Reading : 1 minute(s)

Lebanon Iraq Central Bank Baghdad Energy Oil agreement

Lebanon and Iraq have renewed a key energy deal through which Baghdad will supply Beirut with two million tons of crude oil, now under new payment terms that reflect shifting regional dynamics. In a notable departure from past arrangements, Lebanon has agreed to settle its dues in US dollars via direct transfers from the Banque du Liban, ending ...