Al-Basat: No food, wheat, or fuel shortages

Lebanese Minister of Economy Amir Boussat stated that Lebanon is experiencing stability in its stockpile of food, wheat, and fuel despite regional tensions. He noted that the food and medicine inventories are sufficient for more than three months, while the wheat stock lasts less than three months, and fuel supplies are under two weeks due to delays in ship arrivals. He pointed out that four fuel tankers are expected to arrive in Lebanon this week. The ministry is working to reduce price increases on imported goods by adopting last year's average prices to avoid a significant shock, though prices may rise by over 15% if global prices do not decrease. He also emphasized that food safety is a priority, with dozens of cases of expired and non-compliant products being discarded each month. Inspectors conduct multiple inspections in collaboration with relevant authorities. Regarding oil, Boussat expressed the possibility of Lebanon, Syria, and Iraq benefiting financially through cooperation in transporting and exporting oil via the Tripoli-Baniyas pipeline, highlighting openness to a trilateral economic partnership. He revealed an upcoming visit to Iraq aimed at strengthening trade relations, especially since Iraq is Lebanon's largest export destination compared to its imports.

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