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On 11 August 2021, the Lebanon central bank ended fuel subsidies, announcing that they would instead offer "credit lines for fuel imports based on the market price for the Lebanese pound". [40] The decision led to significant increases in fuel prices amid an economic crisis in the country, but the government was unable to alleviate shortages. [41]
The primary energy use in 2009 in Lebanon was 77 TWh, 18 MWh per capita. [5][6] In 2019, the total solar PV capacity was 78 MW, [7] and it reached 1300 MW at the end of 2023. [8] In August 2024, the situation reached a critical point when fuel reserves were completely depleted, leading to a nationwide blackout. [9]
The price of petrol (SP95-E10) decreased during 2018, from €1.47 per liter (USD $6.57/gallon) in January to €1.43 per liter (USD $6.40/gallon) in the last week of November. [96] Prices of petrol and diesel fuel increased by 15 per cent and 23 per cent respectively between October 2017 and October 2018. [97]
August 18, 2024 at 10:16 AM. CAIRO (Reuters) - Algeria will immediately begin supplying Lebanon with fuel for its power plants, Algerian state radio said in a statement on Sunday, after Lebanon's ...
Palestinian militant group Hamas said on Saturday it mourned Lebanon's Hezbollah leader Sayyed Hassan Nasrallah following his killing in an Israeli airstrike, saying his death would only fuel the ...
In 2021, Iran sent five fuel tankers, all under the flag of Iran, to Lebanon. Since the financial crisis of Lebanon in August 2019, the country is experiencing a chronic shortage of fuel. The tankers were loaded from Iranian ports, after reaching the Syrian port, be trucked to Lebanon. Shipment delivery was made for Hezbullah. [1][2][3]
The price of gold is up nearly 30% year to date, analysts note — outpacing the benchmark S&P 500's roughly 20% gain since the start of 2024. Why is the price of gold going up? There are a few ...
2021 Lebanese blackout. The 2021 Lebanese blackout was a power outage in Lebanon that started on 9 October 2021, after two of the country's power plants shut down when they ran out of diesel fuel. The two power stations provided 40% of Lebanon's electricity. Due to this, the power grid was shut down nationwide. [1]