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Economy News _ Baghdad
Today, Tuesday, Lebanon announced that it is awaiting the remaining shipments of fuel from Iraq within the contract concluded between the two parties, indicating that it seeks to renew the agreement.
The Minister of Energy and Water in the caretaker government, Walid Fayyad, said in press statements, "There are developments in the Iraqi fuel file, because of which the shipment of Iraqi fuel was delayed in reaching Lebanon," noting that "we will have a virtual working session today with the Iraqi party to work on the issue of specifications." .
And he added, "We will solve this problem with the Iraqi side after the meeting, to get back to getting the remaining Iraqi fuel shipments, which amount to 190,000 tons," expressing hope that they will "arrive in the next two months."
Al-Fayyad also indicated, "He will then issue the renewal of the agreement to obtain fuel with the Iraqis, and for this purpose we will visit Iraq, to discuss the renewal of the agreement to obtain an additional one million tons of fuel, which can provide between 3 and 4 hours of electricity supply per day, for a period of time." year".
Lebanon signed an agreement with Iraq in July 2021 to import one million tons of fuel fuel to alleviate the country's electricity crisis, and the first ship arrived in Lebanon carrying 31,000 tons of this substance on September 16, 2021.
Fuel is a mixture of oils that remain in the oil refining unit after distillation (heavy fuel) and burn in a furnace or boiler to generate heat or to generate electrical or kinetic energy.
Iraq and Lebanon agreed on an energy exchange, under which Iraq would give Lebanon, which is going through the worst economic crisis in its history, heavy fuel oil, in exchange for "services and goods" that Iraq would get from Lebanon.
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