Lebanon seeks to extend heavy fuel oil agreement with Iraq, 2 NOV

Lebanon seeks to extend heavy fuel oil agreement with Iraq

Walid Fayad, the interim Minister of Energy and Water for Lebanon, stated in a press release that Iraq supports Lebanon in the energy sector and that he hopes the agreement will be extended for at least another year, bringing the total to two million tons, dinaropinions.com.

In July 2021, Lebanon and Iraq agreed to import one million tons of heavy fuel oil to assist Iraq in producing electricity to prevent blackouts.

On September 16, 2021, Lebanon received the initial 31,000-ton shipment of heavy fuel oil from Iraq.

Heavy fuel oil is a type of oil that comes from cracking and distilling petroleum and has a viscosity similar to tar.