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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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Kuwait’s oil minister Essam Marzouk has expressed his country’s support for an oil cut deal extension previously agreed by Saudi Arabia and Russia. (AFP/ Yasser Al-Zayyat)
May 16th, 2017 - 11:30 GMT

Kuwait Backs Saudi, Russian Call to Extend Oil Output Cut Into 2018

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

Egypt has reported a decline in the unemployment rate during the first quarter of 2017, to reach 12 percent of the total labor force, compared to 12.7 percent in the first quarter of 2016, with youth (15-29 year-olds) making up 79 percent of the total unemployed ratio. (AFP)
May 15th, 2017 - 01:30 GMT

Egypt's Unemployment Rate Down 0.7 Percent Year-on-Year: Report

Lebanon must start its offshore gas and oil exploration by no later than mid-2018 to benefit from the low cost of oil services, according to an energy expert. (File photo)
May 15th, 2017 - 11:00 GMT

Lebanon Must Hurry to Extract Offshore Oil and Gas, or Someone Else Will: Expert

Saudi Arabia and Russia have agreed to extend the oil output reduction deal for another nine months, until march 2018. (AFP/ Joe Klamar)
May 15th, 2017 - 10:30 GMT

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

ENOC Group Chief Executive Officer His Excellency Saif Humaid Al Falasi
May 14th, 2017 - 08:13 GMT

Line up confirmed for Middle East Health, Safety and Environment forum

A Libyan security member walks past an oil drill on the Al-Ghani oil field near the city of Waddan on March 23, 2013. (AFP)
May 10th, 2017 - 09:00 GMT

Libya Has Potential to Produce 1 Million Oil Barrels Per Day, But It Can't: Here's Why

Win for pro-EU Macron and talk of extending a production deal by OPEC may not be enough to stimulate oil markets. (AFP)
May 9th, 2017 - 09:00 GMT

Macron Win, OPEC Cuts Not Enough to Stimulate Oil Markets: Analysts

The move is aimed at increasing the capacity of the facility to 120,000 barrels per day (bpd). (File photo)
May 9th, 2017 - 11:30 GMT

Jordan, Honeywell Sign $1.6-Billion Deal to Expand Zarqa Refinery

Nearly 100 years have passed since Saudi Arabia’s founder King Abdulaziz first urged Saudi citizens to start investing in oil-giant company Aramco. (Alriyadh)
May 7th, 2017 - 06:00 GMT

Saudi Arabia's Founding Father Foresaw Aramco’s Value 100 Years Ago

Kuwait Energy expects to raise around $150 million from the IPO, which is expected to start trading in June.
 (Shutterstock)
May 4th, 2017 - 08:21 GMT

Kuwait Energy Files for Listing on London Exchange in OPEC first

An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

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