Lebanese PM heads to Gulf for oil-aid

Lebanon's Prime Minister Umar Karami is travelling through the Gulf this week on a mission to secure cheap oil from his resource-rich neighbours.

    Karami is seeking to sign special deals with Gulf states

    Karami, who took office in late October, arrived in Saudi Arabia on Saturday as part of the first leg of his Gulf tour, the SPA news agency reported.

    He held separate meetings with King Fahd and Crown Prince Abd Allah bin Abd al-Aziz.

    After Riyadh, he will visit Qatar and the United Arab Emirates on his week-long trip.

    In Beirut, an official source said the prime minister was seeking ways to buy cheap oil on a state-to-state basis, cutting out middlemen, to power Lebanon's electricity plants.

    State power company Electricite du Liban has been hit by soaring oil prices and a recent World Bank report said it had "annual operational losses of $400 million, financed by the Treasury ... because of bad management of public funds and rampant corruption".

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.