Lebanese Electricity Exposes Fuel Reserves

Despite the circulating reports about low fuel stockpiles in Lebanon, the Lebanon Electricity Company confirmed that it currently has a stock of fuel oil sufficient for about 9 days, in accordance with the approved production and operation policies. The company is currently loading a shipment of 33,000 metric tons of fuel oil, which is expected to be delivered in the coming days by the Ministry of Energy and Water, aiming to support ongoing production and meet the needs of vital facilities. Additionally, it is exploring alternative options to address the rising fuel prices and reassures with regard to the stock levels and production situation, with updates provided through subsequent information.

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