Iraq in Fuel Deal With Lebanon to Boost Its Faltering Power Supply

Lebanon has imposed increasingly long power cuts across the nation as fuel supplies have run short

Reuters
Reuters
Send in e-mailSend in e-mail
A line for fuel at a gas station in Beirut in June.
A line for fuel at a gas station in Beirut in June.Credit: Mohamed Azakir / Reuters
Reuters
Reuters

Iraq has signed an agreement allowing the cash-strapped Lebanese government to pay for 1 million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute power shortage, the two sides said on Saturday.

Lebanon is in the throes of an economic meltdown threatening its stability. It has all but run down foreign reserves and faces a growing shortage of fuel, medicine and other basic goods. Most Lebanese face power cuts for many hours a day.

Israel goes to the Olympics with high hopes, American ringers and no Arabs. LISTEN

Lebanese caretaker Energy Minister Raymond Ghajar, speaking on his return to Beirut after signing the deal, said the fuel would be used for electricity generation and was enough for four months. He said it was worth about $300 million to $400 million.

Iraq's Oil Ministry said in a statement it would supply Lebanon with surplus heavy fuel oil from its refineries.

Lebanon, which has struggled to meet electricity demand at the best of times, has imposed increasingly long power cuts across the nation as fuel supplies have run short during the crisis that erupted in late 2019.

Many Lebanese rely on private generators that use diesel, which is also in short supply.

Hospitals said this week their generators were at a risk of running out of fuel, putting critical patients at risk.

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.
From $1 for the first month

SUBSCRIBE
Already signed up? LOG IN

ICYMI

The Orion nebula, photographed in 2009 by the Spitzer Telescope.

What if the Big Bang Never Actually Happened?

בן גוריון

'Strangers in My House': Letters Expelled Palestinian Sent Ben-Gurion in 1948, Revealed

AIPAC

AIPAC vs. American Jews: The Toxic Victories of the 'pro-Israel' Lobby

Bosnian Foreign Minister Bisera Turkovic speaks during a press conference in Sarajevo, Bosnia in May.

‘This Is Crazy’: Israeli Embassy Memo Stirs Political Storm in the Balkans

Hamas militants take part in a military parade in Gaza.

Israel Rewards Hamas for Its Restraint During Gaza Op

Palestinians search through the rubble of a building in which Khaled Mansour, a top Islamic Jihad militant was killed following an Israeli airstrike in Rafah, southern Gaza strip, on Sunday.

Gazans Are Tired of Pointless Wars and Destruction, and Hamas Listens to Them