Lebanon thanks Iraq for doubling oil supplies

Lebanese President Michel Aoun thanked Iraq for doubling the amount of oil approved for Beirut from 500,000 tonnes to one million tonnes annually as the country suffers from a precarious economic situation.

In a tweet posted on the official Twitter account of the Lebanese presidency, Aoun said that he contacted his Iraqi counterpart, Barhan Salih, and Prime Minister Mustafa Al-Kadhemi to thank them for doubling their country’s oil supplies for Lebanon.

Lebanon is currently witnessing a fuel shortage crisis compounded by the lack of foreign currency.

This has compounded anger which has grown as a result of the economic crisis and financial situation in the country. Government officials have been accused of corruption and inefficiency.

Lebanon has recently purchased oil from Iraq under flexible payment terms.

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