Is it the right time for Dubai’s ENOC to lose fuel swap tender?

Lebanon News
09-11-2021 | 12:45
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Is it the right time for Dubai’s ENOC to lose fuel swap tender?
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Is it the right time for Dubai’s ENOC to lose fuel swap tender?
Since last September, Iraq has started supplying Lebanon with one million tons of black oil for a whole year, whereby the imported oil is replaced with other derivatives from international markets that are used to generate electric power in Lebanon, as stated in the swap deal signed between both countries.
 
The first tenders (84,000 tons) and the second (60,000 tons) were awarded to Dubai’s ENOC. However, after these two tenders, the contract’s track was no longer between two countries, but between private companies.
 
In this regard, a well-informed source explained to Akhbar AL-Yawm that “Lebanese state must determine to concerned authorities in Iraq which company will swap oil,” stressing that “ENOC won in previous two tenders as prices were acceptable to the global market, although in the current one it was awarded to Coral Energy International.
 
 

Breaking Headlines

Lebanon News

Lebanon

UAE

Dubai

ENOC

Fuel

Swap

Iraq

Tender

LBCI Next
Israeli army claims it killed Hezbollah member in Nabatieh — spokesperson
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:00

Dispute over 4.75 million euros: EDL turns to judiciary after MEP maintenance controversy

LBCI
News Bulletin Reports
12:50

Independence Day speech From Tyre highlights President Aoun’s push for state authority and border stability—the details

LBCI
Lebanon News
09:09

Israeli military announces new strikes against Hezbollah in Lebanon

LBCI
Lebanon News
09:06

Lebanese Army Chief: Army’s plan south of Litani River is progressing according to its set timeline

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
2025-09-09

Iran condemns as 'gross violation' Israel's targeting of Hamas officials

LBCI
Lebanon News
07:46

Israeli strikes target Mahmoudiyeh, Sejoud, and Rihan in South Lebanon

LBCI
Middle East News
2025-11-18

Trump says Saudi crown prince 'incredible in terms of human rights'

LBCI
Lebanon News
2025-11-14

Social Affairs ministry issues important statement on pager explosion wounded

Videos
d-none hideMe
LBCI
Lebanon News
2025-10-04

Meet Miss Lebanon 2025 contestants: Video

LBCI
Lebanon News
2025-10-02

Series of Israeli airstrikes spark massive fire in southern Lebanon

LBCI
Lebanon News
2025-09-07

Lunar eclipse captivates Lebanon: watch the stunning video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
09:09

Israeli military announces new strikes against Hezbollah in Lebanon

LBCI
News Bulletin Reports
13:00

Dispute over 4.75 million euros: EDL turns to judiciary after MEP maintenance controversy

LBCI
Lebanon News
07:46

Israeli strikes target Mahmoudiyeh, Sejoud, and Rihan in South Lebanon

LBCI
News Bulletin Reports
12:50

Independence Day speech From Tyre highlights President Aoun’s push for state authority and border stability—the details

LBCI
Lebanon News
09:06

Lebanese Army Chief: Army’s plan south of Litani River is progressing according to its set timeline

LBCI
Lebanon News
07:40

Israeli strikes hit outskirts of Shmustar in the Bekaa Valley

LBCI
Lebanon News
06:46

US praises Lebanon's "brave steps" toward a brighter future on Independence Day

LBCI
Lebanon News
03:42

President Aoun pays tribute to René Moawad on 36th anniversary of assassination

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More