Sunday, 24 May 2020

Abi Khalil raises with KPC official royalties’ reduction on imported gas to Lebanon

Caretaker Water and Energy Minister, Cesar Abi Khalil, on Thursday met in his office at the Ministry with Kuwait Petroleum Corporation (KPC) Deputy Managing Director for Global Marketing, Khaled Ahmad Al-Sabah.

The meeting took place in the presence of the Oil Director General Ororo Al-Feghali, and "Sonatrach" Team members.

Minister Abi Khalil raised with the KPC Official the issue of reducing royalties on the imported gas to Lebanon in favor of EDL.

In the wake of discussions, KPC agreed to cut $0.1 per barrel, equivalent to $0.745 per metric ton.

Source: National News Agency

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