December 21, 2018 / 11:52 AM / 5 months ago

Lebanese PM-designate says aims to bring down energy subsidy in 2019

FILE PHOTO: Lebanese Prime Minister-designate Saad al-Hariri speaks during a news conference in Beirut, Lebanon, November 13, 2018. REUTERS/Mohamed Azakir/File Photo

BEIRUT (Reuters) - 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”.

Reporting by Ellen Francis; Writing by Tom Perry; Editing by Janet Lawrence

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