إعادة إعمار قطاع الطاقة في لبنان: 480 مليون دولار لتجاوز آثار العدوان الإسرائيلي

Energy Sector Reconstruction in Lebanon: $480 Million Needed to Overcome War Impact

The ongoing Israeli war against Lebanon continues to negatively impact various economic sectors, particularly energy. In statements made by Minister of Energy Walid Fayad, he indicated that the damages incurred in this sector are substantial, estimating the cost to restore conditions to what they were before the Israeli aggression at approximately $480 million.

Response to Displaced Persons' Needs
Regarding the needs of displaced persons, Fayad emphasized that the ministry is working on providing rapid relief services, such as water and electricity, while also focusing on rebuilding the destroyed infrastructure.

Lebanon's Dependence on Black Oil
Fayad noted that Lebanon’s electricity supply is primarily dependent on importing black oil from Iraq, with a contract guaranteeing 125,000 tons monthly, which allows for the production of between 450 and 500 megawatts. He also mentioned that Lebanon is preparing to renew the contract for an additional year and increase the quantity, with imports being facilitated by over ten private companies.

Fuel Prices Amid War
Concerning fuel prices, Fayad affirmed that they are tied to global market movements, indicating a relative stability despite ongoing crises. He stated that diplomatic efforts are being made to prevent maritime and aerial blockades on Lebanon, and the ministry is working to secure essential needs in collaboration with companies to avoid a shift to black market pricing.