SULAIMANI (ESTA) — Lebanese caretaker energy minister Raymond Ghajar said the country is set to receive 500,000 tons of fuel oil from Iraq in 2021 for power generation.
Ghajar told reporters that the energy minister was also buying spot cargos of fuel and had received offers from several local and foreign companies, according to Reuters.
“We are today buying around four cargos a month,” Reuters quoted the minister as saying. He said each cargo is around 35,000 tons.
The minister further said Iraq’s heavy fuel did not match Lebanon’s specific needs but an Iraqi company could arrange a swap for another kind of fuel that was more suited.
Iraq’s cabinet had said on Tuesday it agreed to a deal to supply Lebanon with 500,000 tons of fuel a year.
In December, Iraqi oil minister Ihsan Abdul Jabbar said an agreement had been reached with Lebanon to start fuel export supplies to Beirut in 2021.
