Starved of electricity, Lebanon picks Dubai's ENOC to swap Iraqi fuel
BEIRUT -
Lebanon's energy ministry said it had picked Dubai's ENOC in a tender to swap 84,000 tonnes of Iraqi high sulphur fuel oil with 30,000 tonnes of Grade B fuel oil and 33,000 tonnes of gasoil.
ENOC won the tender, part of a deal between the two countries that allows the cash-strapped Lebanese government to pay for 1 million tonnes of Iraqi heavy fuel oil a year in goods and services.
As Lebanon suffers what the World Bank has described as one of the deepest depressions of modern history, shortages of fuel this month have meant state-powered electricity has been available for barely a few hours a day if at all.
Residents turning to private generators for their power supply face diesel shortages.
The swap tenders are essential as Iraqi fuel is unsuitable for Lebanese electricity generation.
Lebanese caretaker Energy Minister Raymond Ghajar said in July the fuel from the Iraqi deal would be used for electricity generation by the state provider and was enough for around four months.
ENOC is set to receive the Iraq fuel between Sept. 3-5 and will deliver it to Lebanon two weeks after, the energy ministry said.
Related News
Groups clash over NH hydropower project
BANGOR, MAINE - Groups supporting and opposing the Northern Pass hydropower project in New Hampshire filed statements Friday in advance of a state committee’s meeting next week on whether it should rehear the project.
The Site Evaluation Committee rejected Eversource’s project last month over concerns about potential negative impacts. It is scheduled to deliberate Monday on Eversource’s request for a rehearing.
The $1.6 billion project would deliver hydropower from Canada to customers in southern New England through a 192-mile transmission line in New Hampshire.
If the Northern Pass project fails to ultimately win New Hampshire approval, the Massachusetts Department of Energy Resources has…