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Iran gas cutoff knocks up to 4,500 MW off Iraq’s power grid
December 24th, 2025 - 07:48 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Iran gas cutoff knocks up to 4,500 MW off Iraq’s power grid

ALBAWABA- Iraq faces major energy shock as Iran halts gas exports, slashing up to 4,500 MW from national grid Iraq’s power sector was hit hard after Iran suspended all natural gas exports, wiping out 4,000 to 4,500 megawatts from the national grid and exposing the fragility of the country’s already overburdened electricity system. Spokesman Ahmed Moussa said Baghdad received an official notification from Tehran citing “extraordinary circumstances,” prompting the shutdown ...
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The trades “lost substantially all of their value” during the crisis and expired worthless during in 2011, the fund alleges.
February 2nd, 2014 - 06:39 GMT

Should the law protect fools? Libya to sue Goldman Sachs for $1 billion claiming employees' naivety

The Egyptian economy has shrunk in the wake of the January 25 revolution due to the lack of security and political stability, said Al-Humaidhi.
February 2nd, 2014 - 06:08 GMT

One of many suitors, Kuwait ready to splurge on Egypt

$4.2 billion of Iranian frozen assets would be released in eight stages and Tehran
February 2nd, 2014 - 12:55 GMT

Breaking the ice: Iran receives first installment of $4.2b frozen oil revenue

OPEC reported its lowest output in over two years in December 2013 (File Archive)
February 2nd, 2014 - 12:00 GMT

Thank you Libya? Why OPEC's output is finally on the rise after December low

Al Bawaba
February 2nd, 2014 - 11:00 GMT

Older, but not wiser: Lack of trained UAE healthcare workers' increasing concern for growing elderly population

Oman has the main ingredients to be not only an international player, but also a hub for trade and transit
February 2nd, 2014 - 08:59 GMT

Oman to become a major player in global trade, says WTO chief

While Abu Dhabi is known for attracting business tourism, it is increasingly becoming a destination for leisure tourism as well (File Archive)
February 2nd, 2014 - 08:44 GMT

Not just business: Why leisure tourists are flocking to Abu Dhabi

Of the 2.228 million bpd exported in January, 2.036 came from Basra and 192,000 from Kirkuk,
February 2nd, 2014 - 04:55 GMT

Blaming pipelines, blaming Kurdistan?Iraqi crude oil exports hit new low

According to the McKinsey Global Private Banking Survey 2013, the total high net worth wealth in the Middle East is predicted to increase by $3.3 trillion by 2014.
February 2nd, 2014 - 04:11 GMT

World's most luxurious superyachts coming to the GULF

During Erdogan’s stay, Iran and Turkey signed a number of agreements, including a preferential trade agreement, which can dramatically increase the trade ties between the two countries.
January 31st, 2014 - 12:26 GMT

Talk about preferential trade: Khomeini says Turkey, Iran are enjoying 'best relations in history'

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.
January 30th, 2014 - 08:03 GMT

Beware Saudi Arabia! Iran, Iraq plan to join forces and crash the world's oil market

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
January 30th, 2014 - 07:43 GMT

Can we say we have a trend here? World's largest sovereign wealth fund blacklists two Israeli firms over settlement activity

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