Economy

Iraqi Fuel Shipment Coming Soon.. Total Blackout Delayed!

Iraqi Fuel Shipment Coming Soon.. Total Blackout Delayed!

After a source from the Ministry of Energy and Water "the Central" reported that the Omani company "OQ" won the bid to replace Iraqi black fuel with fuel compatible with "Electricity of Lebanon" plants, it was revealed that the first shipment will arrive in Lebanon before the end of October. This shipment, however, will not be a solution but will merely delay the total blackout until progress is made in seeking new energy sources, either from Jordan and Egypt or through fuel import agreements via Algerian companies or others. The first option is contingent upon securing funding from the World Bank and exemptions under the "Caesar Act," while the second awaits a round of negotiations being conducted for this purpose by the Minister of Energy in the caretaker government, Walid Fayad.

With the arrival of the first shipment of Iraqi fuel, citizens will enjoy about one or two hours of electricity daily at best. Half of the generated energy is wasted due to the deteriorating grid, and another portion is allocated to certain areas at the expense of others due to the chaos at distribution stations, which are subject to the whims of employees and their interests with politicians and private generator owners.

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