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.

Already signed up? LOG IN

ICYMI

הקלטות מעוז

Jewish Law Above All: Recordings Reveal Far-right MK's Plan to Turn Israel Into Theocracy

איתמר בן גביר

Why I’m Turning My Back on My Jewish Identity

Travelers looking at the Departures board at Ben Gurion Airport. The number of olim who later become yordim is unknown.

Down and Out: Why These New Immigrants Ended Up Leaving Israel

Beatrice Grannò and Simona Tabasco as Mia and Lucia in "The White Lotus."

The Reality Behind ‘The White Lotus’ Sex Work Fantasy

The Mossad hit team in Dubai. Exposed by dozens of security cameras

This ‘Dystopian’ Cyber Firm Could Have Saved Mossad Assassins From Exposure

מליאת הכנסת 28.12.22

Comeback Kid: How Netanyahu Took Back Power After 18 Months in Exile