| 25 May 2024, Saturday |

Black September, month of Iraqi oil, lifting subsidies and departing Turkish ships

The Lebanese waited for the Iraqi fuel to improve the electrical supply, but their happiness was not achieved.

Iraq’s fuel will reach Lebanon during the second week of September through two shipments per month, and this will provide 4 hours of electricity, but the worst is yet to come.

With the expiry of the Lebanese state’s contract with Karadeniz, the Turkish ships Fatima Gul and Orhan Bey will leave the Lebanese coasts, at the end of this month.

This eventually, will lead to a loss of 400 megawatts in the network, which is equivalent to 3 and a half hours that were provided by the two ships, and thus, the electrical supply will not see improvement.

Sources revealed that a high-ranking Turkish delegation is visiting Lebanon on Friday to coordinate the departure of the two ships,  and separate them from the network and fuel tanks, adding that
no contacts are taking place at the moment, neither for the extension nor for the renewal of the two ships, which are technically, and in terms of maintenance ready for production, whether through fuel or gas.

Meanwhile several questions are raised: Is it easy to get electricity from Syria and even from Jordan,  is it cheaper? And how the accumulated dues of the two ships, amounting to 200 million dollars, will be paid for ?

The most dangerous of all is that on September 25th , the quantities of fuel that are currently in the tanks of the production plants will expire, meaning that there is a loss of two hours of feeding. There is no possibility to secure new credits for fuel, or for Parliament to approve a law in order to disburse a new advance for the benefit of Electricité du Liban.

Sources following up revealed to “Sawt Beirut International,” that there are factories such as Al-Zahrani and the new Zouk factory that need a wide maintenance campaign, which costs tens of millions of dollars, and is not available.

So, the electrical situation is not reassuring, even if Iraqi fuel arrives, and generators’ owners are threatening of turning them off, if diesel subsidies are lifted. Will we reach the stage of no more electricity, in the black month of September?