Liliane Mokbel, 30/05 13:00 - Reading : 4 minute(s)
Power plant maintenance is resuming, the local fuel market is well supplied, and electricity rationing is beginning to ease gradually. These improvements raise the prospect of an average electricity supply of twelve hours per day. Yet, without activating the Regulatory Authority – mandated by law for more than twenty years – the resolution of ...
This is Beirut, 29/05 18:20 - Reading : 2 minute(s)
Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish, and US companies as it seeks to revive the war-torn country's crippled power sector. The agreement was sealed at the presidential palace in Damascus in the presence of interim President Ahmed al-Sharaa and US ambassador Thomas Barrack. It aims to generate ...
Liliane Mokbel, 29/05 13:00 - Reading : 3 minute(s)
EDL Europe Hezbollah US Congress Energy
Arab support for the revival of Lebanon’s energy sector is back in the spotlight. On the sidelines of the Arab Summit in Amman, Prime Minister Nawaf Salam reopened this crucial file with his Jordanian counterpart. Shortly after, Lebanese Finance Minister Yassine Jaber and Energy and Water Minister Joe Saddi discussed the main points of energy ...
Liliane Mokbel, 27/05 12:45 - Reading : 4 minute(s)
Banks Beirut International Airport EDL Energy
Electricity rationing is the rule, contrary to all logic in a nation-state framework. A quarter of a century after the end of the Civil War, the Lebanese remain dependent on alternative means of energy supply – mostly at the mercy of the neighborhood private generator supplier. Électricité du Liban (EDL) will long remain in Lebanon’s history ...
This is Beirut, 23/05 14:40 - Reading : 1 minute(s)
Donald Trump United Kingdom Energy
US President Donald Trump on Friday urged Britain to drill for more oil rather than build wind turbines, just a fortnight after Washington signed a trade deal with London. "Our negotiated deal with the United Kingdom is working out well for all," Trump wrote on his Truth Social platform. "I strongly recommend to them, however, that in order to ...
This is Beirut, 22/05 17:26 - Reading : 2 minute(s)
Damascus European Union Turkey Energy
Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports to Syria to help boost electricity supplies as its neighbour seeks to recover after years of war. "We want to triple our current electricity exports to meet Syria's electricity needs, and realise an electricity export of ...
This is Beirut, 21/05 19:05 - Reading : 2 minute(s)
Iraq signed a major energy deal Wednesday with a Chinese petroleum company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent years, becoming a major player across various sectors and now one of the largest importers of Iraqi ...
This is Beirut, 16/05 22:40 - Reading : 2 minute(s)
Lebanon Iraq Arab Summit Nawaf Salam Energy
Prime Minister Nawaf Salam met on Friday with his Iraqi counterpart, Prime Minister Mohammed Shia Al-Sudani, in Baghdad to discuss expanding bilateral cooperation ahead of the 34th Arab Summit. Talks focused on energy, economic ties, and cultural exchange, with both leaders emphasizing the need to strengthen Arab unity in the face of regional ...
This is Beirut, 16/05 18:50 - Reading : less than a minute
Lebanon Energy Water Infrastructure Loan World Bank
Lebanon is advancing efforts to tackle its energy and water crises by activating two major loans from the World Bank. Finance Minister Yassine Jaber announced that the Council of Ministers has approved Decree No. 217, tied to a $250 million loan to develop renewable energy and strengthen the national power grid. The project, prepared on an urgent ...
This is Beirut, 16/05 10:40 - Reading : 1 minute(s)
United States Lebanon Syria Energy Power
Minister of Energy Joe Saddi expressed cautious optimism on Friday following the United States’ surprise decision to lift certain sanctions on Syria, suggesting the move could breathe new life into long-stalled regional energy projects vital to Lebanon’s power sector. Speaking to the Markazia news agency, Saddi said the US initiative may ...
This is Beirut, 07/05 19:10 - Reading : 2 minute(s)
Google Technology Energy Artificial Intelligence
Tech giant Google and nuclear developer Elementl Power have signed an agreement to develop three advanced nuclear power plants in the United States, according to a statement released Wednesday. The partnership comes as technology companies seek new power sources to meet the growing energy demands of the generative AI revolution. Under the ...
This is Beirut, 06/05 18:27 - Reading : 1 minute(s)
Lebanon Iraq Central Bank Baghdad Energy Oil agreement
Lebanon and Iraq have renewed a key energy deal through which Baghdad will supply Beirut with two million tons of crude oil, now under new payment terms that reflect shifting regional dynamics. In a notable departure from past arrangements, Lebanon has agreed to settle its dues in US dollars via direct transfers from the Banque du Liban, ending ...