VOL. XXXIV

NO. 48

2-SEPTEMBER-1991

Lebanon

Lebanon Seeks IDB Loan for Start-Up of Zahrani Refinery

According to the LebaneseMinister of Industry and Oil, Mr. Muhammad al-Jarudi, the Lebanese Government isnegotiating with the Islamic Development Bank (IDB) for a $20mn loan to be usedfor the import of crude for the start-up of the Zahrani refinery. Mr. Jarudidisclosed that Lebanon had negotiated a $10mn loan from the IDB to be used tocover the cost of initial crude imports for the Zahrani refinery,...