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VisitAlgeria to Supply Fuel to Lebanon Amid Power Outage
Aug 18, 2024, 02:07 PM
Algeria has announced an immediate supply of fuel to Lebanon to address the country's electricity crisis. This decision comes after Lebanon's electricity company, Electricité du Liban (EDL), declared a complete nationwide power outage due to exhausted fuel supplies. The Algerian President has ordered the dispatch of fuel oil to help Lebanon restore electricity, including at critical facilities such as the airport. Algerian state radio and Lebanese government statements confirmed the move, highlighting the urgency of the situation.
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Markets
Yes • 50%
No • 50%
Official confirmation from Algerian state radio or Lebanese government
No • 50%
Yes • 50%
Official statements from Beirut-Rafic Hariri International Airport or Lebanese government
No • 50%
Yes • 50%
Official statements from Electricité du Liban (EDL) or Lebanese government
2-4 weeks • 25%
More than 4 weeks • 25%
Less than 1 week • 25%
1-2 weeks • 25%
Official statements from Electricité du Liban (EDL) or Lebanese government
Less than 50,000 tons • 25%
More than 150,000 tons • 25%
100,000-150,000 tons • 25%
50,000-100,000 tons • 25%
Official statements from Algerian state radio or Lebanese government
No impact • 25%
Nationwide power restoration • 25%
Partial power restoration • 25%
Minimal impact • 25%
Official statements from Electricité du Liban (EDL) or Lebanese government