Caretaker Minister of Energy and Water, Dr. Walid Fayyad, on Thursday received a letter from the Iraqi Oil Marketing Organization affiliated to Iraq’s Oil Ministry, informing him to proceed with doubling the monthly amount of fuel oil allocated to Lebanon under the valid agreement, from 80,000 to 160,000 tons, starting July.

This step comes after the consultations and meetings conducted by Caretaker  Minister Fayyad with the Iraqi side, the last of which was in May with Iraqi Prime Minister Mohammed Shia al-Sudani, and Iraqi Oil Minister Hayyan Abdul Ghani, and the subsequent decision of the Iraqi Council of Ministers.

This increase in the quantity provides an opportunity to double the electric power supply generated by the production plants operating on gas oil and fuel, in order to meet the needs of the Lebanese for electricity during the summer.

Meanwhile, Fayyad attended 14th International Infrastructure Investment and Construction Forum (IIICF) in the Chinese city of Macao, signing a Memorandum of Understanding with Power China firm in order to start renewable energy investments in Lebanon.

Source: Agencies