Tag: fuel subsidies

Lebanese Energy Minister Walid Fayyad beaten up while dinning at restaurant

Energy Minister Walid Fayyad was physically assaulted by activists outside a restaurant on Sunday night. An online video shows an activist saying “this is a message from all the Lebanese people” before violently pushing Fayyad to a wall. You need to “wake up,” he tells the minister. Another man is meanwhile seen telling Fayyad that […]

Protestors storm energy ministry in Lebanon

A group of protesters stormed on Friday the Ministry of Energy and Water in Corniche el-Nahr. An activist was meanwhile seen on TV smashing then tearing up a picture of President Michel Aoun that was hung on a wall in the ministry. Lebanon, grappling with an unprecedented economic crisis since 2019, and which defaulted on […]

Lebanon's telecom provider secures fuel supply till June

OGERO has secured an amount of diesel sufficient until next June, Telecommunications Minister Johnny Korm has announced. Internet services were disrupted in half of Beirut on Sunday because of diesel shortages. Head of state-run telecom provider OGERO Imad Kreidiyeh threatened to resign over the authority’s “lack of capabilities.” “The situation is unbearable,” Kreidieh said, blaming […]

Mikati desperately wants gas, power from Egypt

Prime Minister Najib Miqati published Friday on his official Facebook page the details of his visit to Egypt on Thursday. Miqati presented Thursday a number of special requests in the energy field and electricity. He asked Egypt for an urgent support in providing natural gas to generate electrical power to the Lebanese and for long-term […]

Protestors storm public works ministry in Lebanon

A number of protesters stormed Friday the Ministry of Public Works and Transport in Hazmieh, asking to meet the minister. Minister of Public Works and Transport Ali Hamiyeh told the protesters, after listening to their demands, that he realizes the size of the gap between the government and people’s needs. “I will not keep the […]

Lebanese army insists it is investigating soldier who fired on protestors

A Lebanese soldier suspected of firing towards protesters in Beirut on Thursday is under investigation, the army said on Saturday. Seven people were killed in clashes that erupted near the site of a protest against the judge leading an inquiry into a catastrophic port explosion in Beirut last year. Source: US News & World Report

Hezbollah wants US waiver to import Iran fuel oil

Lebanon's Hezbollah chief Sayyed Hassan Nasrallah repeated calls on Monday for the cabinet to seek a U.S. sanctions waiver to import Iranian fuel and alleviate crippling shortages. Nasrallah said the government should make power shortages a priority, adding the total blackout that occurred on Saturday when Lebanon's two largest power plants ground to a halt […]

Lebanese market for renewables on the rise as power cuts continue

Lebanon is witnessing significant demand for the installation of solar power units, amid a severe energy crisis that saw the country plunged into a total blackout on Saturday. Two main power stations went offline because they ran out of fuel, said the state electricity company Electricite du Liban, with people rushing to find alternative sources […]

Jordan ready for energy exports to Lebanon

Jordan says it has discussed ways to expedite Egyptian natural gas shipments via its territory and Syria to Lebanon, which is dealing with a grueling energy-crisis. Prime Minister Bisher Khasawneh arrived in Beirut late Thursday, the first foreign official to visit Lebanon’s new prime minister who took office earlier this month. Lebanon is witnessing an […]

Lebanese PM says financial recovery plan worked out for all

Lebanon’s Prime Minister Najib Mikati said on Monday the financial recovery plan to be drawn up by his cabinet will include a fair distribution of losses suffered by the financial system. In an interview with local television LBCI, Mikati also said the rights of small depositors would be protected. “The inclination is definitely to protect […]

Macron wants Lebanon to stick to IMF requirements

French President Emmanuel Macron urged Beirut on Friday to implement urgent reform measures and push ahead with International Monetary Fund (IMF) talks, adding that France would continue to support Lebanon. Macron made his comments after meeting Lebanon’s Prime Minister Najib Mikati, who is on his first foreign trip after successfully forming a government earlier this […]

Iran's fuel oil exports still not enough for Lebanon

Armed men opened fire at a gas station in the Bekaa valley on Sunday and threatened to kill the owner as Lebanon’s fuel wars continued to spiral out of control. The incident in the town of Beit Chama came amid long queues at gas stations, frequent power cuts and a 20-liter canister of gasoline selling […]

Mikati says Iran fuel ships violate sovereignity

Lebanese Prime Minister Najib Mikati has said Iranian fuel shipments imported by the Hezbollah movement constitute a breach of Lebanon's sovereignty, according to comments published by his office. "The violation of Lebanon's sovereignty makes me sad," Mikati told CNN in an interview, his office said in a posting on Twitter. He added: "But I'm not concerned […]

More fuel prices hikes says new Lebanon government

Lebanon's new government raised gasoline prices on Friday, cutting a subsidy that Prime Minister Najib Mikati has said is unaffordable as he advances plans to address a devastating financial crisis. The government also signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry out a forensic audit of the central bank, a […]

New Lebanese government pushes draft commitment to IMF

The Lebanese government will resume negotiations with the International Monetary Fund while beginning reforms demanded by donors, according to a draft policy programme that aims to tackle one of the worst financial meltdowns in history. New Prime Minister Najib Mikati’s government will also resume negotiations with creditors over a restructuring of public debt on which […]

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