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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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The company’s standalone profile corresponds to a rating of 'AA+', with stable outlook, says Fitch. (Shutterstock)
April 2nd, 2019 - 04:00 GMT

Fitch: Saudi Aramco World’s Biggest Oil Producer by Volume

South Sudan will pump an additional 70,000 barrels per day of crude oil next June. (Shutterstock)
April 1st, 2019 - 10:11 GMT

South Sudan to Pump Additional 70,000 Oil Barrels by Next June

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

South Pars has 14 trillion cubic meters of natural gas and 19 billion barrels of gas condensate, which is equivalent to 50% of the country's overall reserves and 8% of the world's gas reserves. (Shutterstock)
March 31st, 2019 - 07:16 GMT

Natural Gas Production Rises 12 Percent in Iran

Fuel prices were hiked last month as well. (Shutterstock)
March 29th, 2019 - 06:00 GMT

UAE Rises Petrol Prices for April

The lower house of the Jordanian legislature does not have the power to cancel the deal. (Shutterstock)
March 28th, 2019 - 12:07 GMT

Jordan Votes Against Israel Gas Deal

Together, China, the US and India accounted for nearly 70 per cent of the rise in energy demand around the world, stated the Global Energy & CO2 Status Report released by IEA today (March 27). (Shutterstock)
March 28th, 2019 - 09:51 GMT

Report: Global Energy Demand Hits Fastest Pace in a Decade

Saudi Aramco’s planned initial public offering (IPO) is set to be the biggest in history — and so requires some equally historic moves in preparing for the share sale. (Shutterstock)
March 28th, 2019 - 08:54 GMT

Saudi Aramco’s Acquisition of 70 Percent Stake in SABIC Paves Way for IPO

A Department of Energy official said the requests contained proprietary information and that the authorisations went through a multi-agency approval process. (Shutterstock)
March 28th, 2019 - 08:20 GMT

US Approves Selling Secret Nuclear Power Technology for Saudi Arabia

Four key technology trends are playing a big role in shaping companies’ strategies for delivering growth amid today’s pervasive change. (Shutterstock)
March 28th, 2019 - 08:12 GMT

4 Technology Trends in Oil and Gas for 2019

Imran Khan. (Shutterstock)
March 26th, 2019 - 12:32 GMT

Imran Khan: Asia’s Largest Oil, Gas Reserves May Soon Be Found Near Karachi

Export of Iranian gas to Iraq, Armenia and Republic of Azerbaijan is underway within the framework of the provisions as stipulated in the contract. (Shutterstock)
March 26th, 2019 - 09:31 GMT

Turkey to Boost Gas Import From Iran

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