Minister of Energy and Water in the Lebanese caretaker government, Raymond Ghajar, revealed to his citizens that “the Iraqi Council of Ministers decided to supply Lebanon with 500 thousand tons of crude oil, as a first stage and for a year.” What has been achieved, as a first stage, is considered good. “
After his meeting with the Lebanese President, General Michel Aoun, Ghajar said: “Lebanon is not going to the darkness and the Ministry of Energy is working day and night with transparency to secure the market’s need for fuel.”
He added, “The results of the negotiations that I and the Director General of Public Security, Major General Abbas Ibrahim had with Iraq to secure fuel, led to a decision issued by the Iraqi Council of Ministers to supply Lebanon with 500 thousand tons of crude oil as a first stage.”
He added, “During the meeting, discussions took place on the issue of immediate shipment, which is currently approved by the Ministry of Energy to secure immediate shipments of fuel and save half a million dollars for each shipment.”
Ghajar stressed that Lebanon buys about 4 cargoes a month and saves two million dollars in A and B fuel, and that if it continues to adopt this method, it will be able to achieve an increase in competition, and in the number of companies that may participate in this process.
He concluded his statement by saying: “The approved payment mechanism is not within the jurisdiction of the Ministry of Energy. This agreement has been negotiated, but of course it has not been signed yet, and this is what His Excellency the President has placed in his airspace, and upon signing the payment mechanism methods are discussed with the Prime Minister.”