September 17, 2021
2 mins read

Trucks carrying Iranian oil arrives in Lebanon

Lebanon has received tanker trucks carrying Iranian oil in a move aimed at easing energy shortages in the crisis-hit country…reports Asian Lite News

A vessel carrying Iranian oil docked in Syria on Sunday, and the oil was unloaded in trucks and sent by land to the Bekaa Valley on Thursday, reports Xinhua news agency.

Lebanon has been suffering from shortage of US currency reserves, which deprives the country from importing its oil needs.

Lebanese welcome the arrival of tanker trucks carrying Iranian oil in the city of Baalbek, Lebanon.(XinhuaTaher Abu HamdanIANS)

Hezbollah leader Sayyed Hassan Nasrallah announced on Monday that a second ship with fuel oil would arrive in the Syrian port of Baniyas in a few days, and Lebanon is expected to receive two more ships carrying gasoline and fuel oil.

Some Lebanese anti-Hezbollah parties expressed over the past few days their concerns over the possibility of the US imposing sanctions on Lebanon after its oil imports from Iran.

Two days ago, Lebanese President Michel Aoun said his country will begin talks with the International Monetary Fund (IMF) and the World Bank soon.
ALSO READ: Iran says talks with IAEA chief constructive

“We will initiate talks with the IMF and World Bank for financing, as there is an international will to help us,” Aoun said during his meeting at Baabda Palace with a delegation from the labour confederation on Wednesday.

He added that economy will be the main priority in the coming period.

Aoun said that the new cabinet will launch several projects, including the construction of power stations and the reconstruction of the Beirut port which was destroyed by two huge explosions on August 4, 2020.

Lebanon formed a new cabinet on September 10, breaking 13 months of political deadlock in the crisis-torn country.

The 24 cabinet ministers, who are not official members of Lebanon’s different political parties, were appointed by ruling authorities based on their political affiliations.

According to the new Prime Minister Najib Mikati, his cabinet is formed of specialists who are keen to stop the country’s current collapse by dealing with urgent issues, including the negative repercussions of lifting subsidies.

Since the Beirut port explosions and the resignation of the government of Prime Minister Hassan Diab last year, Lebanese citizens and experts have been calling for an efficient cabinet capable of undertaking major reforms such as the overhaul of the electricity sector, the restructuring of the public sector and the fight against corruption.

However, differences among political parties over the ministerial shares’ distribution delayed the cabinet formation which exacerbated the country’s financial and economic crisis, with about 74 per cent of the population living in poverty now.

Previous Story

Palestine condemns Israeli opposition to 2-state solution

Next Story

Pakistan ‘surprised’ by Blinken’s remarks on reassessing ties

Latest from -Top News

Pakistan’s Double Game Spills into Bangladesh

Today, with free access to Bangladesh, the ISI has set up terror camps where scores of radicalised youth are being trained. …reports Asian Lite News Bangladesh, which is headed by the Jamaat-e-Islami

India, Oman Cement Defence Partnership

The officials of two nations also held talks on capability development, professional military education and new avenues for partnership…reports Asian Lite News The Indian Army and Royal Army of Oman held the

Jaishankar to Represent PM Modi at East Asia Summit

The East Asia Summit will provide an opportunity to deliberate on the challenges to peace, stability and prosperity in the Indo-Pacific region…reports Asian Lite News External Affairs Minister S. Jaishankar will attend

India drives education forward in Nepal

India donates 81 school buses to Nepal, bolsters education, disaster preparedness, and regional ties; parliamentary delegations engage on diplomacy, climate, AI, and humanitarian cooperation at IPU Assembly….reports Asian Lite News In a

Afghanistan clarifies ceasefire deal with Pakistan

Afghanistan and Pakistan formalise ceasefire prioritising dialogue, civilian protection, and regional stability; India upgrades Kabul mission and the Islamic Emirate seeks constructive engagement with global partners….reports Asian Lite News Afghanistan has formally
Go toTop

Don't Miss

African Development Bank approves $135mn to help Morocco’s recovery

The African Development Bank (AfDB) has approved for Morocco a

Iran offers lifeline to Russian banks

Iran says all Russian banks and 106 banks in 13