Lebanon is no longer able to open credits for the purchase of fuel

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The Minister of Energy and Water in the Lebanese caretaker government, Raymond Ghajar, announced that the Governor of the Banque du Liban, Riad Salameh, informed the Higher Defense Council that he is no longer able to support the purchase of fuels.

Ghajar stressed that “the solution is to propose a law in the House of Representatives requesting the disbursement of credits to Electricity of Lebanon in order to buy fuel, because it is the best solution for the citizen, even if the tariff is raised on him.”

He pointed out that if “fuel subsidies stop, the price will be liberalized and become unified,” adding that “the country today is in the peak phase of the need for electricity, and our need is 3000 megawatts, and the production capacity, according to the available fuel, does not exceed 750 megawatts.”

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This came after a meeting chaired by President Aoun held at 2:00 p.m. a meeting of the Higher Defense Council, during which he presented the security and living conditions in the country.

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The Republican Presidency announced that the meeting discussed the security and living conditions and the crisis of medicine and fuel, in the light of administrative and security reports, including the reality of the Al-Harah building in the port of Beirut, the chemicals in the oil facilities in Tripoli and Zahrani, and the facilities designated for refueling aircraft at Rafic Hariri International Airport.

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The presidency added: “The meeting took a series of decisions and recommendations to address these issues, based on the laws in force, including a request to the leaders of the military and security services to intensify the periodic coordination meetings to follow up and address the security situation.”

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