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  • 26-01-19

    Lebanon, Rosneft ink deal to manage oil storage terminals

    (MENAFN) Lebanon was announced to have inked an agreement with Russia's energy firm Rosneft, aiming to oversee oil storage terminals in Lebanon.

    Lebanese caretaker Energy Minister Cesar Abi Khalil confirmed that "the contract will allow the re-development of oil facilities in Tripoli which will happen in several stages."

    The 20-year deal, the Lebanese minister affirmed, is to help produce more income for Tripoli.

    Under the pact, the Russian company will boost its status within the region and enhance its integrated supply chains efficiency.

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