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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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ROSATOM
April 25th, 2016 - 07:35 GMT

Rusatom Overseas and PLN held workshop on Russian Nuclear Power Plant Technologies

One of Israel's main concerns is that Russian involvement would forestall the development of Leviathan in order to prevent competition with Russian gas. (File photo)
April 25th, 2016 - 07:30 GMT

Russia's Gazprom eyes Leviathan gas investment

The proposed solar project will create jobs of 1,000 people locally.  (File photo)
April 25th, 2016 - 05:30 GMT

Oman: German-funded mega solar project planned in Duqm

With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)
April 21st, 2016 - 05:00 GMT

Negative outlook for oil companies as Fitch predicts 22 percent fall in earnings

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city.  (AFP/File)
April 19th, 2016 - 01:00 GMT

Kuwait oil workers strike cripples 60 percent of production

Airlines are likely to increase prices to offset the decline in corporate bookings. (Oman Air)
April 19th, 2016 - 09:00 GMT

Austerity weighs on corporate air travel in Oman

Morgan Stanley said that the failed deal "underscores the poor state of OPEC relations." (AFP/File)
April 19th, 2016 - 04:20 GMT

Collapsed Doha oil talks: After Iran's snub, what happens now?

Failure to clinch the freeze deal can weaken prospects for recovery of oil prices that have fallen by up to 70 per cent since their peak in mid-2014. (File photo)
April 18th, 2016 - 04:05 GMT

Doomed from the start? Oil production talks in Doha fail to strike deal

Iran has repeatedly rejected any limits on output before it production reaches pre-sanctions levels. (Shutterstock)
April 17th, 2016 - 04:13 GMT

Oil producers gather in Doha amid low expectations

Saudi Oil Minister Ali Al-Naimi. (Twitter)
April 14th, 2016 - 12:00 GMT

Saudi Arabia nixes talk of oil production cuts ahead of Doha meeting

The Organization of Petroleum Exporting Countries said its forecast for growth in world oil demand in 2016 was lowered by 50,000 barrels per day to 1.2 million bpd. (File photo)
April 14th, 2016 - 04:04 GMT

Oil prices slip as OPEC forecasts weaker demand

Saudi Arabia is reportedly seeking a bank loan of between $6B-$8B, in what would be the first significant foreign borrowing by the kingdom's government for over a decade. (File photo)
April 13th, 2016 - 06:00 GMT

Low oil continues to bite as Saudi suffers Fitch downgrade

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