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

India-US Trade Deal Likely This Week

The interim trade deal would be an initial step towards a comprehensive bilateral free trade agreement between Indian and the US….reports Asian Lite News India is expected to finalise an interim trade

One Year Later, Hasina’s Son Raises Red Flag

Hasina’s abrupt exit last August after violent student protests was widely seen as a blow to democracy in the Muslim-majority nation of 170 million….reports Asian Lite News Sajeeb Wazed, son of former

Global South Finds Its Campus in India

The question is no longer if India can attract global talent, but whether it can build the conditions to do so at scale—with care and vision. Done right, India could emerge as

Jaishankar Gets Real on India-US Ties

The EAM underlined the structural drivers of the bilateral relationship, saying, “The trend line over the last 25 years has actually been very strong….reports Asian Lite News External Affairs Minister S. Jaishankar

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald Trump signed an executive order terminating Syria sanctions, according to
Go toTop

Don't Miss

Global Covid caseload tops 295 mn

Amid an ongoing resurgence across the world, the global coronavirus

Ambassador Expulsion: Pakistan’s Firm Reply to Iranian Aggression

Iran launched a drone and missile attack on a terrorist