The Latest Breaking News from Walid Fayad

Beirut (AFP) - Lebanon announced Sunday that Qatar had entered a consortium to explore for offshore gas in waters near Israel, following a historic border deal last year between the two foes.

The French company TotalEnergies will begin working towards exploiting Lebanon's Block 9 offshore gas project as of next year, announced caretaker Energy Minister Walid Fayad. The company said in a statement that it began mobilizing the teams in charge of drilling operations on Block 9, revealing that the call for…

Tripoli (Lebanon) (AFP) - Lebanese rescue teams searched the Mediterranean for survivors Monday after an overloaded people-smuggling boat capsized while being pursued by naval forces, with dozens missing at sea.

Lebanon's Cabinet on Wednesday approved a plan to reform and restructure the country's crippled electricity sector, a main condition of Western donors and the World Bank to provide financing for regional deals to increase the country's power supply. Al Jadeed TV reported that the Cabinet had endorsed the plan with…

A draft reform of Lebanon’s crippled power sector seen as vital to addressing its financial crisis envisages an “immediate” hike in electricity prices, for the first time in three decades, and $3.5 billion investment to secure 24-hour power by 2026. The blueprint, dated February 2022 and seen by Reuters, was…

Beirut (AFP) - Power-starved Lebanon signed an agreement Wednesday to import electricity from Jordan via Syria with the aim of reducing chronic outages and heeding international calls for reform. 

Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighbouring Syria, after Washington assured Beirut it should not fear its sanctions on Damascus.

Beirut (AFP) - Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease gruelling power cuts, the energy minister has told AFP.