Wednesday, June 18, 2008

Lebanon: Crisis of Power ...

"...There is some hope that the chronic shortages will ease later this summer, with the first shipments of Egyptian natural gas due to be pumped through a pipeline running via Jordan and Syria by July at the latest...... Lebanon's gross public debt as of the end of April rose to $43.2bn, up 3.6% over the total at the close of last year, and a 5.5% increase on the April 2007 figure. With the government having to subsidise EDL's operations to the tune of almost $1bn last year, and probably more this year..."

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