Non-renewal of Iraq’s fuel export agreement to Lebanon
According to the report of an economic reporter, quoted by Shafaq, the Iraqi government has decided to agree to export fuel to Lebanon in exchange for receiving services. do not extend The reason for this issue is financial concerns from Lebanon.
The Central Bank of Lebanon has refused to create a 700 million dollar credit line to guarantee the fulfillment of the country’s obligations regarding the agreement to import fuel from Iraq, and the reason for this issue is the lack of sufficient financial resources. is.
Lebanon Prime Minister Najib Miqani recently visited Iraq and tried to persuade the country’s government to pay Beirut’s $700 million debt to Baghdad in the implementation of the fuel export agreement to Lebanon. In exchange for receiving services, except that it seems that he has not been successful in this field.
In a meeting with his Lebanese counterpart, the Prime Minister of Iraq demanded that in order to resume the implementation of the fuel supply agreement for Lebanon, Beirut, without eliminating the previous debt, another credit line of 700 million dollars for Baghdad. create.
Wassim Mansouri, head of the Central Bank of Lebanon, also refused to do this and declared that this action violates the country’s monetary laws.
On Sunday, due to the end of the fuel reserves of the last active power plant in Lebanon named Zahrani, this country was plunged into a nationwide blackout. This shutdown even stopped the provision of basic services in ports, airports, prisons and water treatment facilities in Lebanon.
