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Oil and Renewables

Oil and Renewables latest

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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In a bid to reduce Iran's oil exports to zero, buyers of Iranian oil must stop purchases by May 1 or face sanctions.
May 5th, 2019 - 05:12 GMT

Iran Ridicules Effect of US Sanctions

The US will also revoke two waivers that allowed Iran to ship its excess heavy water for storage and swap its enriched uranium for natural uranium
May 4th, 2019 - 07:50 GMT

While Tightening His Grip on Oil, Trump Extends Nuclear Waivers for Iran

Saudi coast guard rescued an Iranian oil ship near Jeddah Islamic Port in the Red Sea
May 2nd, 2019 - 11:44 GMT

Saudi Arabia Rescues Iranian Oil Ship

Ahmad Bin Shafar, CEO of Empower
May 1st, 2019 - 10:51 GMT

Empower Completes Periodic Maintenance of Cooling Plants to Welcome Summer

The government said it is obliged to comply with the agreement, under a penalty clause of one billion dollars.
May 1st, 2019 - 08:20 GMT

Jordan to Review Gas Agreement With Israel

During the event
May 1st, 2019 - 07:24 GMT

Oman Oil Marketing Company Inspires Employees and Public With Host of Activities During Health Safety Environment Quality Week

International benchmark Brent crude was trading at $71.33 per barrel.
April 30th, 2019 - 11:16 GMT

Oil Prices Fall Amid Concerns Related to China's Weak Manufacturing Data

India had previously planned to raise oil imports from Iran to around 500,000 barrels per day (bpd) by March 31.
April 30th, 2019 - 10:32 GMT

Turkey, India Main Affected Countries From Ending Iran Sanctions Waivers

The steep fall of the oil price on Friday was a reflection that OPEC does have the spare capacity to pump an extra 1.5 – 2 million bpd.
April 30th, 2019 - 07:48 GMT

Clarity on the Inconsistent Oil Market to Come in June

Algeria has to do its best to avoid economic instability.
April 30th, 2019 - 06:48 GMT

IMF Urges Algeria to Cut Deficit, Reduce Reliance on Oil

Iran is set for a steep recession this year under the threat of “zero exports” of crude in accordance with US policies over Tehran’s nuclear program.
April 30th, 2019 - 05:28 GMT

Oil: A Blessing for Saudi Arabia, a Curse for Iran

From May 1, the price of Super 98 will be at Dh2.48 a litre.
April 29th, 2019 - 10:34 GMT

Petrol Prices to Increase in UAE Starting May 1

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