[ad_1]
Former Energy Minister Nada Al-Bustani clarified, in a statement, that she “ wants to remind the new station that it was the initiative of requesting the French EDF to carry out the necessary laboratory tests to guarantee the quality of the fuel used in the Lebanon’s power plants in July this year. 2019, and in my tweet on April 5, 2020, I announced that the test results had been released and demanded that the fraudulent fuel dossier be terminated and held accountable to all involved. This tweet was the first spark for the launching of the judicial investigations that were called in the context of my testimony. Judging by the minutes of the Council of Ministers, which demonstrate beyond any doubt that the ministers of the powerful Lebanese bloc are the only ones who have demanded the cancellation of import contracts and a transparent tender process, or at least modify the terms of the current contract.
He pointed out that “the authorization and assignment letter that all successive Energy Ministers have sent from 2005 to today, accompanied by opening documentary letters of credits for the purchase of fuel oil or gas oil from the Algerian companies Sonatrach and KPC. purely administrative procedure approved at the request of the Banque du Liban “. In order to speed up and facilitate the credit opening process and prevent the treasury from paying compensation for delay in unloading the cargo from the ship in case of incomplete documentation or typographical errors, it does not oblige the Lebanese state represented by the Ministry of Energy to pay no amount in case it is determined that the shipment does not meet the specifications. This is what actually happened in the file of the vessel “Baltic” when the Minister of Energy requested to stop the credit opening process after the issuance of the results of the laboratory tests that showed that the fuel shipment was not valid. Therefore, opening the documentary credit does not in any way mean the transfer of funds to the account of the supplying company Rather, it is a guarantee of the state that the funds are available and ready for payment upon the arrival of the ship in Lebanon , and to ensure that your documents are correct and comply with the specifications established by the EDL “.
He highlighted that “the impression that this authorization is limited to credits assigned exclusively to Sonatrach, noting that it also includes the Kuwaiti company KPC, is a scandalous attempt to portray the matter as part of the fraudulent fuel file, knowing that this form of Authorizations are approved by all Banks in commercial deals that require opening of credits. In summary, it was worth it for the new issuer, before they sued me in the media and issued an advance ruling and presented news on my behalf, verifying all the authorities Interested in this authorization, such as the Ministry of Energy, the Ministry of Finance, the Bank of Lebanon and all commercial banks that adopt this Open credits form to show the fact that such a mandate can never include ignoring fuel specifications.
[ad_2]
