BEIRUT (MEMO) – Lebanese President Michel Aoun thanked Iraq for doubling the amount of oil approved for Beirut from 500,000 tons to one million tons annually as the country suffers from a precarious economic situation. In a tweet posted on the official Twitter account of the Lebanese presidency, Aoun said that he contacted his Iraqi counterpart, Barham Salih, and Prime Minister Mustafa Al-Kadhemi to thank them for doubling their country’s oil supplies for Lebanon. Lebanon is currently witnessing a fuel shortage crisis compounded by the lack of foreign currency. Lebanon has recently purchased oil from Iraq under flexible payment terms.