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Oil and Renewables

Oil and Renewables latest

Economic blow to European economies as Hormuz disruption threatens energy supplies
March 19th, 2026 - 10:42 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Economic blow to European economies as Hormuz disruption threatens energy supplies

ALBAWABA- A new study has warned that a near-total disruption of shipping through the Strait of Hormuz could deal a severe economic blow to European economies, as escalating Iran–Israel tensions threaten global energy flows. The research, conducted by the Supply Chain Information Institute alongside the Centre for Complexity Science and Delft University of Technology, finds that the impact would be concentrated in a small number of EU countries and would ...
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The solar project seeks to harness renewable energy and build a local manufacturing industry that can boost Saudi Arabia's exports, and ultimately generate 7,000 jobs by 2020. (File photo)
April 27th, 2017 - 10:56 GMT

Saudi Arabia creates over 7,000 jobs with new solar project

Chinese producers, which account for around half of global supply, have been blamed for a slump in global steel prices after flooding export markets. (File photo)
April 27th, 2017 - 10:26 GMT

GCC launches anti-dumping probe against Chinese steel companies

The project will help Iraq expand port facilities for the Persian Gulf. (AFP/ Haidar Mohammed Ali)
April 26th, 2017 - 11:23 GMT

UK's Petrofrac lands multimillion-dollar oil contract in southern Iraq

The deal will create hundreds of jobs and will help save up to $2 billion in gas that can be made available for sale in international markets. (GE)
April 25th, 2017 - 02:07 GMT

GE signs $3B gas deal with Algeria's Sonelgaz, its largest ever

Egypt is set to finalize tenders for the mega project next month and award the contract to the winner in September this year. (File photo)
April 25th, 2017 - 07:45 GMT

ABB, Siemens and other tech giants bid for $1.6B power project in Egypt

The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23rd, 2017 - 03:43 GMT

Sudan gets $200M loan from Arab Fund to build new power plant

OPEC and non-OPEC countries signed a deal last November aimed at cutting production by 1.8 million barrels a day. (AFP/ Joe Klamar)
April 23rd, 2017 - 05:00 GMT

Oil prices stabilize as Saudi Arabia, Kuwait signal likely extension of oil output cut

ADNOC Distribution service station
April 20th, 2017 - 07:40 GMT

ADNOC Distribution opens Mtilan Service Station in Al Dhafra Region of Abu Dhabi

Mock fire and emergency drill at Salalah facility
April 20th, 2017 - 05:47 GMT

OCTAL hosts mock fire and emergency response drill

The Kingdom has announced the launch of more than 30 solar and wind projects as part of a plan to reduce its dependence on oil. (Pixabay)
April 19th, 2017 - 08:10 GMT

Saudi Arabia kicks off $50B renewable energy plan to break oil dependence

Both sides are developing a shared field in the Persian Gulf, from which Iran has started to produce oil. (File photo)
April 18th, 2017 - 07:00 GMT

'If Qatar expands its energy production we will expand too,' says Iran

Egypt expects the first oil shipment from Iraq to reach on May 1, 2017. (File photo)
April 18th, 2017 - 05:14 GMT

Egypt inks first oil deal with Iraq

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