INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iraq keen to meet fuel needs of Lebanese people: Oil Minister

Iraq has been supporting Lebanon in its fuel needs. (INA)
  • Iraq's oil minister Hayan Abdel-Ghani held a discussion with Lebanon's Minister of Energy and Water, Walid Fayyad.
  • Fayyad appreciated the support extended by the Iraqi government at a time when Lebanon is facing its worst economic crisis.

Baghdad, Iraq — Iraq’s oil minister Hayan Abdel-Ghani has said the Iraqi government was keen to support the Lebanese people and consider their fuel needs.

Abdul-Ghani received the Lebanese Minister of Energy and Water, Walid Fayyad, and his accompanying delegation.

During the meeting, they discussed prospects for bilateral relations and cooperation between the two brotherly countries in the oil and energy sector and ways to enhance them in a way that serves common interests, Iraqi News Agency reported.

The minister said the Iraqi government will study Lebanon’s fuel and crude oil needs and work towards meeting these needs.

For his part, Walid Fayyad appreciated the support of the government and people of Iraq and the Ministry of Oil for the Lebanese people and standing with them in their economic crisis, especially in meeting a large part of their fuel needs to generate electric power.

And Fayyad said, “The meeting with the Deputy Prime Minister for Energy Affairs, Minister of Oil, and officials in the ministry was fruitful and included discussing the possibility of increasing the allocated quantities of black oil and crude oil.”