Issa Petrol Trade (IPT) and Total Liban jointly formed Fuel Logistics, a company specialized in the provision of logistics services and the supply of petroleum products.
The new company will import around 900,000 tons of fuel per year, which is one third of the market's demand, according to Total.
Previously, IPT and Total Liban intermittently imported fuel on a yearly contractual basis. Toni Issa, Vice-Chairman of IPT said: "We are going to work together to strengthen our capacit...
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