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Lebanon’s government raised the price of fuel Wednesday by about 25%, the National News Agency reported, effectively removing all subsidies on fuel products and pricing them at market rate amid ...
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 largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Oil & Gas 5 Ireland: Top 10 Tax haven (Conduit OFC) 6 Norway: Oil & Gas 7 Kuwait: Oil & Gas 8 United Arab Emirates: Oil & Gas 9 Switzerland: Top 10 Tax Haven (Conduit OFC) — Hong Kong: Top 10 Tax Haven (Sink OFC) 10 San Marino: Tax haven (Sink OFC) 11 United States: 59,495 12 Saudi Arabia: Oil & Gas 13 Netherlands: Top 10 Tax Haven (Conduit ...
Algeria will immediately begin supplying Lebanon with fuel for its power plants, Algerian state radio said in a statement on Sunday, after Lebanon's electricity company said the day before its ...
Lebanon's national currency, the Lebanese pound is pegged to the US dollar at £L15,000 to US$1. This fixed rate has been unstable due to the depreciating value of the pound in the black market. According to reports, the pound was trading at £L8,100 to US$1 in 2019 on the black market.
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]
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.