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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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An Iraqi delegation in Beirut to agree on services and goods in return for providing Lebanon with fu

rocky
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An Iraqi delegation in Beirut to agree on services and goods in return for providing Lebanon with fu Empty An Iraqi delegation in Beirut to agree on services and goods in return for providing Lebanon with fu

Post by rocky Fri 12 Aug 2022, 2:18 pm

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[size=52]An Iraqi delegation in Beirut to agree on services and goods in return for providing Lebanon with fuel[/size]

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[size=45]Beirut, - (AFP) - Lebanese Prime Minister Najib Mikati confirmed Thursday that Iraq will extend an agreement to supply Lebanon with heavy fuel oil (fuel) for a year in exchange for services.[/size]
[size=45]Lebanon suffers from power cuts for long periods.[/size]
[size=45]In July 2021, Iraq agreed to supply Lebanon with one million tons of fuel to run power plants in exchange for medical goods and services.[/size]
[size=45]However, both countries suffer from severe energy crises, and power cuts are hampering the work of hospitals.[/size]
[size=45]The media office of the Lebanese Prime Minister said Thursday in a statement, "The Iraqi government agreed, in its meeting today, to the request submitted by Prime Minister Najib Mikati to extend the supply of fuel to Lebanon for the necessity of Electricité du Liban for a period of one year, under the same conditions that were followed so far."[/size]
[size=45]Fuel shipments are essential to Lebanon, where power cuts reach 23 hours a day, while power plants are almost non-functioning.[/size]
[size=45]However, heavy fuel oil is not usable directly in Lebanese power plants, so the Lebanese authorities will continue to supply another type of fuel from other sources, and these suppliers are paid by giving them Iraqi fuel oil in return.[/size]
[size=45]The value of the agreement between the two countries, when it was signed in 2021, amounted to 300 to 400 million dollars.[/size]
[size=45]With oil prices soaring, Lebanese Energy Minister Walid Fayyad told AFP in late July[/size]
[size=45]The value of the deal amounted to "currently $570 million, according to our recent calculations."[/size]
[size=45]Fayyad added that "an Iraqi ministerial delegation will visit Beirut soon to agree on the services that Baghdad wants in exchange for fuel."[/size]
[size=45]Lebanon is going through the worst crisis in its history, with a sharp rise in prices, a historical fall in the value of the national currency, an unprecedented impoverishment of the population and a serious shortage of basic materials.[/size]
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