VOL. XXX
NO. 7
24-NOVEMBER-1986
LEBANON
Oil Debts Compound Lebanon's Economic Problems
The Lebanese Ministry of Industry and Oil is facing financial difficultiesbecause of the accumulated debt of some LL7.7bn owed by two government-owned electricitycompanies for past deliveries of fuel and diesel oil, according to arecent letter from the Ministry urging the Lebanese Government to step in andsettle the arrears. The Ministry is also suffering from the growing deficit inits fuel subsidy fund, which...
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