Lebanon seeks to import fuel from Kuwait amid shortages – Saudi Gazette

Lebanon seeks to import fuel from Kuwait amid shortages – Saudi Gazette

KUWAIT “” Lebanon wants to negotiate fuel imports with Kuwait to help Beirut cope with an economic and financial crisis, Lebanon's internal security chief said in remarks published on Tuesday.

Abbas Ibrahim told Kuwaiti newspaper Al Rai he had discussed the matter with Kuwaiti officials during a visit to the oil-exporting Gulf Arab state this week along with other "shared ideas“ that could help alleviate Lebanon's crisis.

"We want to purchase 100 percent of our requirements from Kuwait without going through agents or companies looking to make a profit ... this is a purely commercial matter and I hope there will be no obstacles to it,“ Al Rai quoted Ibrahim as saying.

He said the request would be raised to Kuwait's ruler.

Lebanon is suffering a dire financial crisis and hard currency liquidity crunch. The Lebanese pound has lost some 80 percent of its value since October.

There was no immediate comment from Kuwaiti officials on the request. Abbas, in the newspaper interview, declined to elaborate on what other assistance Lebanon may have sought.

Gulf states have long channeled funds into Lebanon's fragile economy but are alarmed by the rising influence of Hezbollah, a powerful group backed by their arch-rival Iran.

They appear loath now to help