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Crisis-hit Lebanon strikes fuel deal with Iraq to ease shortage

Crisis-hit Lebanon strikes fuel deal with Iraq to ease shortage

dpa
Baghdad
Roiled by an acute fuel shortage, Lebanon on Saturday signed a deal with Iraq to buy fuel to operate its power plants.
According to the deal signed in Baghdad, Iraq will sell 1 million tons of heavy oil fuel to Lebanon to be paid in “services and goods,” the Iraqi premier’s media centre stated without providing details.
Iraqi Finance Minister Ali Allawi and Lebanese Energy and Water Minister Raymond Ghajar co-signed the agreement in the presence of Iraqi Prime Minister Mustafa al-Kadhimi.
Lebanese officials have said the Iraqi supplies will ease the situation at home.
Lebanon is experiencing its worst economic crisis since its 15-year civil war ended in 1990.
Lebanon’s state-run electricity provider has been severely cutting power supplies in the past few weeks, prompting people, businesses and hospitals to rely on private generators.
On Friday, Lebanon’s hospitals warned that the fuel shortage is threatening the lives of patients in need of oxygen and life-saving equipment.
A shortage of foreign currency had made it impossible for Lebanon to secure the fuel and other essential goods.

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