VOL. XLII

No. 05

1-February-1999

LEBANON

Lebanon痴 Petroleum Import Bill Falls to $621Mn In 1998

Lebanon imported $621mn worth of petroleum products in 1998,down 26% from $841mn in 1997, according to official statistics published in theBeirut daily as-Safir. The decline in the import bill was attributed tothe sharp fall in world oil prices in 1998. The volume of imported products in1998 also fell by 3.1% to 4.69mn tons due to a decline in the local consumptionof liquified petroleum gas (LPG), jet...