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Tehran, Beirut to cooperate in oil and gas exploration

Business Materials 5 October 2010 11:45 (UTC +04:00)

The Iranian oil minister said that Tehran and Beirut had agreed to cooperate in oil and gas exploration in Lebanon.

IRINN quoted Masoud Mirkazemi as saying here after a meeting with his Lebanese counterpart that the two sides agreed on building oil refineries and exporting gas to that country.

He added that soon there would be a meeting among Iran, Iraq, Syria and Lebanon to discuss details of purchasing gas from the Islamic Republic.

The Iranian minister noted that Beirut is interested in buying oil-based products from Iran as well, and added, Lebanon is in need of Tehran's help for building oil refineries.

Lebanese Energy Minister Jubran Basil noted that that Iran has lots of experience in making oil-based products and could help his country in this regard.

He voiced Beirut's interest in Iran's expertise in the oil and gas industry and asked for aid from Iran in building gas transferring lines and oil refineries in his country.

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