Iraq agrees to supply Lebanon with fuel for six months

 

Iraq has renewed its agreement to supply Lebanon with fuel for an additional six months. This arrangement, originally established in July 2021, aims to combat Lebanon's power shortage and involves exchanging fuel for services. The deal helps Lebanon cope with its ongoing financial crisis.

In a bid to assist Lebanon during its ongoing power crisis, Iraq has confirmed a six-month extension of its fuel supply agreement with the country. This development was announced by the office of Iraqi Prime Minister Mohammed Shia al-Sudani in a statement released on Saturday.

The fuel deal, which was initially brokered in July 2021, enables Iraq to supply Lebanon with heavy fuel oil. In return, Lebanon offers services to Iraqi citizens, such as healthcare. Once in receipt of the heavy fuel oil, Lebanon exchanges it for gas oil, a resource essential for operating its power stations.

Despite operating below full capacity for years, Lebanon's electricity infrastructure has further declined amid a severe financial crisis. This agreement represents a crucial measure to maintain Lebanon's energy needs during these challenging times.

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