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Oil and Renewables

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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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Egypt has recently launched an international tender for new explorations in 10 areas in the Red Sea, added the statement. (Shutterstock)
April 8th, 2019 - 03:18 GMT

Egypt, Saudi Boost Relations in Oil, Gas and Minerals Sectors

Lebanon Announces New Blocks for Oil, Gas Exploration. (Shutterstock)
April 7th, 2019 - 05:19 GMT

Lebanon Announces New Blocks for Oil, Gas Exploration

Bahrain recently announced a new tight oil discovery off its coast estimated to be its biggest ever find. (Shutterstock)
April 7th, 2019 - 03:36 GMT

Bahrain Wants US Oil and Gas Giants to Invest in Its Energy Sector

Experts continue to believe that the oil market will likely remain tight, however, the cancellation of all waivers remains unlikely keeping in view the probable consequences to both the oil market and US bilateral relationships. (Shutterstock)
April 4th, 2019 - 10:59 GMT

US Mulls Renewing Waivers to Countries Importing Iranian Oil

Lebanon is hoping to begin its first exploratory drilling later this year in one of two maritime areas, one of which lies partially in the disputed territory. (Shutterstock)
April 4th, 2019 - 09:21 GMT

Lebanon Wants to Restore Iraq Oil Pipeline

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Mr. Hesham Farid, Managing Director of Treasury & Capital Markets, APICORP
April 3rd, 2019 - 08:25 GMT

The Arab Petroleum Investments Corporation (APICORP) Issues USD 300 Million 5-Year Dual Listed Floating Rate Formosa

his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

The monthly average of the OPEC basket price hit USD 63.83 pb in February and USD 66.37 pb in March. (Shutterstock)
April 2nd, 2019 - 09:03 GMT

OPEC Basket Price Soar to $67.23 pb

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

Tunisia raised fuel prices by four percent on Saturday. (Shutterstock)
April 2nd, 2019 - 07:40 GMT

Tunisia Raises Fuel Prices by 4 Percent Amid Rise in Global Prices

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