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Lebanon thanked Iraq for fuel supply extension

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Beirut, Aug 12 (Prensa Latina) The acting government of Lebanon today thanked the Iraqi authorities for extending the supply of fuel to the country for the needs of the National Electric Company for a year.

According to the media office of the designated prime minister, Najib Miqati, Lebanon positively valued Iraq’s support to overcome the difficult circumstance as a consequence of the worst economic and financial crisis of its modern times.

Miqati personally conveyed his thanks to his Iraqi counterpart, Mustafa al-Kazemi, while emphasizing readiness to strengthen relations and cooperation between the two countries in a spirit of brotherhood.

At the beginning of the previous month, the interim Minister of Energy and Water of Lebanon, Walid Fayyad, exchanged in the context of his visit to Baghdad with the highest authorities of oil, finance and the Iraqi bank in the mission to consolidate the contract agreement of fuel supply.

On that occasion, the Iraqi chief of Finance, Abdel Amir Allawi, expressed to the Lebanese minister his willingness to consider the possibility of extending and developing the memorandum to finance the fuel emergency under affordable conditions of facilitation and commercial exchange.

According to analysts, the energy sector is one of the most affected by the economic and financial collapse in Lebanon with barely two hours of daily supply by the state company.

An agreement signed on June 21 between Lebanon and Egypt will facilitate the import of gas through Syria with the aim of boosting energy supply and alleviating living conditions in the country.

Local media noted that gas from Egypt, along with a separate deal to import electricity from Jordan, could increase Lebanon’s supply to about ten hours a day from the current two.

Figures from specialized entities of the United Nations stated that the energy crisis currently threatens the sustainability of basic water and health services throughout the national territory, which endangers the lives of thousands of families in Lebanon.

rgh/yma

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