Lebanon to cut energy subsidy by USD 600 mn in 2019

Lebanese Prime Minister-designate Saad al-Hariri said on Friday the government would try to bring down the subsidy it pays on energy by about $600 million in 2019.

Speaking at a conference in Beirut, he also said a second round of bidding for Lebanese off-shore energy exploration should be open in February or March, adding that BP "is interested and the Americans are interested".