Iran to invest $450 million in Lebanon
09-Oct-2010 (2 comments)

One week ahead of Iranian President Mahmoud Ahmadinejad's trip to Lebanon, Iran agrees to invest USD 450 million in Lebanon's water and energy sectors.

The agreement was signed on Friday by Lebanese Minister of Energy and Water Jibran Bassil and his Iranian counterpart Majid Namjou in Beirut, Mehr News Agency reported, citing an As-Safir report.

Iran has expressed its readiness to help boost Lebanon's economy by undertaking dam construction projects, helping the country with oil and gas explorations and exporting oil and gas derivatives.

President Ahmadinejad is scheduled to pay an official visit to Lebanon in October. It would be the first such trip since he took office in 2005.

During the Iranian president's two-day visit to the Mediterranean country, Iran and Lebanon plan to sign two Memoranda of Understanding on oil and gas projects.

Ahmadinejad is expected to meet with Lebanese President Michel Sleiman, Prime Minister Saad Hariri, and Parliament Speaker Nabih Berri as well as leaders of the Hezbollah Resistance Movement.

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Maryam Hojjat

I agree with you simorgh5555

by Maryam Hojjat on

The IRI Thugs are concern about Hezbollah & Hamas in expence of IRANIANs' life. We must remove this anti-Iranian Persian speaking Arabs from our country for good.  These occupiers are bunch of plunderer like those who plundered IRAN 1400 years ago for their backwarded, barbaric Islam.


This news report has been

by Simorgh5555 on

This news report has been authenticated by their official mouthpiece "Press TV". If the Shah spent money acquiring miliatry hardware from the Americans at least it was money spent on defending Iran.

Children are begging in the streets and risking their lives selling brick a brack to carsin the bustling Tehran traffic; people are selling their kidneys in the black market in order to make ends meet to support their families; girls as young as 10 are forced into prostitute from poverty or escaping abusive families; what does the government do? Piss money into Lebanon.

What further evidence do you need? How much more convincing do you need? This country is heading towards a catastrophic end. Stop it. Please support military action to rid Iran of this cancer.