LEBANON

Lebanon's 1985 Oil Import Bill Estimated at $509mn 

Lebanon's oil import bill in 1985 was $508.9mn, according to the Lebanese Minister of Industry and Oil, Mr. Victor Kasir. Commenting on a study prepared by the Banque du Liban (Central Bank), the minister rejected the latter's higher figure of $550mn for the oil bill, which according to the bank represents some 73.4% of the government's total outlay on foreign purchases. Mr. Kasir confirmed Lebanon's...