In response, the Ministry of Energy released a price list on February 5th. However, the syndicate was not happy with the list as they referred to it as a “stab in the back.” Accordingly, they announced that they will stage a symbolic sit-in on Friday outside of the ministry.
This upcoming strike is part of a long series of unsolved grievances that have plagued the country as a result of a currency that keeps losing its value as the days go on.
No matter what solutions have been implemented by either Riad Salameh or any of the other people in power, none of them seem to be able to even slightly alleviate the effects of the crisis.
As the chairman of Brax Petroleum and member of the syndicate said last week to Al-Markazia, “They simply don’t understand the reality of this situation and are only interested in maintaining their positions.”