Transfers to EDL reach USD 212.1 million in the first two months of 2018, up by a yearly 3.5%
The Treasury transfers to Electricité du Liban (EDL) reached USD 212.1 million in the first two
months of 2018 compared to USD 205 million in the same period of 2017, hence, constituting
a 3.5% yearly increase. Of the transfers to EDL, an amount of USD 3.7 million was allotted to
cover debt service and USD 208.4 million to cover reimbursement of the oil suppliers: Kuwait
Petroleum Corporation (KPC) and Algeria’s Sonatrach. The payments to the two oil suppliers
increased by a yearly 3.9% from USD 200.54 million in January-February 2017.
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https://www.bankmed.com.lb/BOMedia/subservices/categories/News/20180803113541933.pdf
