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Algeria will not renew fuel supply contract with Lebanon

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Algeria’s state-owned oil company, Sonatrach, has announced that from December 2020 the country will no longer export fuel to the Lebanese public producer of electricity (EDL).

Algeria’s Sonatrach disclosed that Algeria has decided not to renew its fuel exports contract with Lebanon following this incredible case in which she is accused of having delivered poor quality products to her client. It immediately informed the Lebanese authorities that they have taken note.

Last April, EDL reported to the judicial authorities that it had received two shipments of poor quality fuel from Algeria. An investigation was opened and several people were arrested in the land of cedar. They are 12 people from the EDL administration, including the director-general, several employees of the petroleum import verification company (PST), and even Algerian officials.

The first legal qualifications refer to corruption, the payment of bribes, fraud, and breach of trust.

Faced with an outcry, President Abdelmadjid Tebboune ordered the opening of an investigation, the conclusions of which are still awaited.

Source Agence Ecofin
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