INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Lebanon fuel distributors say no diesel crisis in the country

Lebanon has seen a surge in fuel demand during winters.
  • The rumors of oil crisis started to circulate after a ship carrying 42 thousand tons of diesel met with a marine accident.
  • The representative confirmed that diesel will be available during the next week and there is no crisis but a shortage.

Lebanon’s Fuel Distributors Representative Fadi Abu Chakra has confirmed that “there is no diesel oil crisis” in the country.

The rumors of oil crisis started to circulate after a ship carrying 42 thousand tons of diesel met with a marine accident due to strong winds near the Amchit coast.

Abu Chakra said: “There is no crisis in fuel oil because of this incident.”

He added, “I made a call with the Head of Oil Importing Companies Group, Maroun Al-Shamas, who confirmed that the ship, which had a normal malfunction due to weather conditions, will be towed to Beirut.”

Chakra said the ship will be unloaded within 48 hours, and there is a second ship loaded with diesel coming to Lebanon.

Chakra reassured that diesel will be available during the next week and there is no crisis but a shortage because of the huge demand due to the cold weather.

He also expressed hope that all roads would be accessible in mountainous areas, following a snowstorm that has hit Lebanon recently.