Lebanon welcomes first Kuwaiti oil shipment, with half of the 132,000 metric tons granted as a donation to support power generation. ©Al-Markazia
Lebanon received its first oil tanker from Kuwait on Saturday, as part of an agreement to supply 132,000 metric tons of gas oil for Electricité du Liban (EDL) power plants. Half of the shipment, 66,000 tons, is being provided as a donation, effectively reducing the overall cost to half its market value.
Energy Minister Joe Saddi confirmed that the payment for the remaining share will be covered through the collections of EDL, emphasizing that no additional debt will be imposed on Lebanon or its citizens.
The minister expressed deep gratitude to Kuwait for its contribution, describing the move as a continuation of Kuwait’s longstanding support for Lebanon and its people during times of hardship.
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