Iraqi contracts develop as oil begins to move

Lebanon hopes to sign a deal with Iraq in the next two months to buy crude oil below market prices, after Baghdad agreed to sell oil to Jordan at $22 a barrel, Bloomberg's Massoud A. Derhally reported.

"We are hoping for a similar agreement," Lebanese Minister of Finance Mohamad Chatah, 57, said in an interview in Beirut. "There is clearly a desire on the part of the Iraqi government to help Lebanon."

An agreement will help reduce inflationary pressures in Lebanon, which imports all of …