Caretaker Minister of Energy Walid Fayad said on Monday that “sanctions on the trade of petroleum and energy derivatives will be lifted.”
Fayad made this statement following a meeting with the US Ambassador to Lebanon, Lisa Johnson.
The minister reiterated that “the funds allocated for fuel purchases were limited,” but were secured through donations.
He also highlighted that "increasing supply hours in the future will necessitate the construction of new plants, as well as the importation of electricity and gas through Syria."
Additionally, Fayad confirmed in an interview with Al-Jadeed that "the World Bank has approved a project to bolster Lebanon's energy sector. This marks the first time such support has been granted by the Bank, based on reforms carried out in the sector."
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