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Iraq agrees to provide Lebanon with fuel for 6 months Economy news

manhattantribune.com by manhattantribune.com
29 March 2025
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3/29/2025–|Last update: 3/29/202505:18 PM (Mecca time)

The media office of the Iraqi Prime Minister, Muhammad Shi’a Al -Sudani, said – in a statement – today, Saturday, that Iraq has agreed to provide Lebanon with fuel for a period of 6 months, in a renewal of an agreement aimed at alleviating the sharp shortage of energy there.

He stressed in the statement, “Iraq’s support for Lebanon’s security and stability, in all its components, besides commitment to contribute to its reconstruction, and also stressed its agreement to grant the Iraqi Ministry of Oil to exceed the supply of Lebanon for a period of 6 months.”

He stated in the statement that Muhammad Sha’a Al -Sudani held, today, Saturday, telephone talks with the Speaker of the Lebanese Parliament Nabih Berri, who “thanked the Iraqi government for its supportive stances and sovereignty and the keenness to perpetuate communication with Iraq in various fields.”

Prime Minister, Mr. Mohamed Shi’a Al -Sudani, is holding telephone talks with the Speaker of the Lebanese Parliament, Mr. Nabih Berri.

His Excellency affirmed his approval to grant the Iraqi Ministry of Oil to be an exception to prepare Lebanon with fuel for a period of six months.

The Prime Minister referred to the active role that Mr. Berri plays in … pic.twitter.com/vx9yo6qljx

– The Prime Minister’s Media Office 🇮🇶 (@iqipmo) March 29, 2025

According to the Heavy fuel oil agreement, which is first concluded in July 2021, Iraq is providing the Lebanese government with fuel for services that include health care for Iraqi citizens.

Lebanon then replaces heavy fuel oil with gas oil that can be used in power plants.

These stations worked for decades with a partial production capacity, but providing electricity deteriorated more during the financial crisis that affected the state’s ability to buy fuel.

Iraq is the second largest product for crude oil in OPEC, with an average daily production of 4.6 million barrels per day in natural conditions, away from production reduction agreements.

A few days ago, the country announced plans to increase production to more than 6 million barrels per day by 2029.



Tags: agreeseconomyfuelIraqLebanonmonthsNewsprovide
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