Iraq to sell Lebanon 1 million tonnes of heavy fuel oil - INA
CAIRO, July 24 (Reuters) - Iraq signed on Saturday an agreement that allows cash-strapped Lebanon to pay for one million tonnes worth of heavy fuel oil in terms of goods and services, Iraqi news agency reported (INA), citing an official statement.
Lebanon is in the throes of a deep economic meltdown that is threatening its stability. It has all but run down its foreign currency reserves and shortages of basic goods such as fuel and medicine have worsened.
Reporting by Nayera Abdallah and Maha El Dahan in Beirut Editing by Gareth Jones
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