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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 surge in international oil prices helped Oman recover some portion of its nominal GDP that was lost during the contractionary period. (Shutterstock)
August 12th, 2018 - 08:02 GMT

Report: Oman Reduces Dependence on Oil to Boost Economy

The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year. (Shutterstock)
August 10th, 2018 - 07:00 GMT

Kuwait Predicts Stagnant Oil Price Until Year End

Esra Sultan is set to provide three months of “free” electricity, though the conditions of its stay remain uncertain. (The Daily Star/Mohammad Azakir)
August 9th, 2018 - 10:20 GMT

Turkish Power Barge Starts Producing Electricity in Lebanon

Oman’s oil exports during July reached 24.08mn barrels, with daily average exports of 776,800 barrels. (Shutterstock)
August 9th, 2018 - 09:19 GMT

Oil Production in Oman Surpasses 30 Million Barrels in July

Iran will stand firm against threats by the US over oil shipments. (Shutterstock)
August 9th, 2018 - 08:35 GMT

Iran to Continue Oil Exports Regardless of US Threats

Saudi Arabia is selecting finalists from five countries — the US, China, Russia, France and South Korea. (Shutterstock)
August 5th, 2018 - 11:14 GMT

Saudi Arabia Paves Its Path to Nuclear Power

Saudi Arabia has restarted shipping through the Bab al-Mandab strait off the coast of Yemen, following its week-long closure after a Houthi attack. (Shutterstock)
August 5th, 2018 - 08:29 GMT

Saudi Arabia Resumes Oil Shipments Through Red Sea

A new report predicts that regional economies will have weaned themselves off oil by 2050. (Shutterstock)
August 2nd, 2018 - 11:20 GMT

Study: GCC to Break Free From Hydrocarbons by 2050

Prices had been reduced for the month of July. (Shutterstock)
August 1st, 2018 - 04:47 GMT

New Petrol Prices for August in UAE

In early July, the government announced its mechanisms of pricing fuel derivatives and indicated that it generated JD854 million in 2017, representing 13 per cent of last year's local revenues, from taxes and fees imposed on fuel derivatives. (Shutterstock)
July 29th, 2018 - 09:50 GMT

Reasons Behind High Taxes on Fuel in Jordan

EMGAS announces change to LPG cylinder seals
July 29th, 2018 - 09:22 GMT

EMGAS & Emarat Announce New LPG Cylinder Seals in Dubai to Ensure Best-In-Class Quality and Safety Assurance

The Minister indicated that Saudi Arabia is temporarily halting all oil shipments through Bab-El-Mandeb Strait until the situation becomes clearer. (Shutterstock)
July 26th, 2018 - 08:12 GMT

Saudi Arabia Halts Oil Shipments Through Red Sea After Houthi Attacks

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