VOL. XLVI

No 34

25-August-2003

LEBANON

ENERGY FINANCE

Lebanese Government Authorizes EDL To Purchase Fuel Oil With Bank Loans

The Lebanese Government on 14 August authorized the state-owned Electricité du Liban (EDL) to finance its fuel oil purchases with bank loans rather than the usual advances from the Lebanese Treasury. EDL, which has incurred losses in the past decade, has recently introduced electricity rationing in various parts of the country because of lack of funds to import the necessary...