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Oil and Renewables

Oil and Renewables latest

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions
April 17th, 2026 - 10:10 GMT
Al Bawaba Staff

Al Bawaba Staff

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions

The Marquise is a 184-metre product tanker built two decades ago. It is not a glamorous vessel. It is old, it is slow by modern standards, and it has spent the past several years doing something unremarkable on paper: picking up cargoes of petroleum products at Russian export terminals and delivering them to ports scattered across Turkey and West Africa. What makes the Marquise interesting is not what it carries ...
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Iran’s biggest oil customers, including China and India, have been lobbying for extensions to sanction waivers.
April 22nd, 2019 - 07:30 GMT

Oil Prices Soar Amid US Announcement of Zero Tolerance for Iran Oil Imports

The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries.
April 22nd, 2019 - 05:00 GMT

Saudi Aramco to Acquire Shell’s 50 Percent Stake in Sasref JV for $631 Million

Oil facility on Khark Island in southern Iran.
April 22nd, 2019 - 04:00 GMT

US to End Iran Sanctions Waivers

A driver fills his car with gasoline after queueing in front of a petrol station in the Syrian capital Damascus.
April 21st, 2019 - 10:30 GMT

Syria Struggles With Chronic Petrol Crisis

Saudi Aramco made its first strategic investment in South Korea nearly 30 years ago when it bought a 34.99% stake in South Korean refining firm S-Oil in August 1991.
April 21st, 2019 - 08:30 GMT

Saudi Aramco Makes Second Major Investment in South Korea

During the meeting, the two sides expressed their opposition to the US sanctions and US terrorism designation of Iran’s IRGC.
April 18th, 2019 - 10:03 GMT

Iran to Strengthen Economic Ties With Turkey

Khamis AlShuaibi, Acting General Manager Shared Services at Students Research Conference
April 17th, 2019 - 08:27 GMT

Oman Oil Marketing Company Supports Sultan Qaboos University Students to Thrive in Academia

The Asian markets received the bulk of the Omani crude oil exports during March 2019.
April 17th, 2019 - 07:01 GMT

Oman Crude Production Exceeds 30 Million Barrel in March

'No deal' scenario would cause as much as $420 million in export losses for 20 African states.
April 16th, 2019 - 11:34 GMT

Morocco Could Lose Nearly $100 Million With No-Deal Brexit

Saudi Aramco continues to strengthen its position in the downstream sector.
April 16th, 2019 - 07:51 GMT

Saudi Aramco Invests $1.25 Billion Stake in South Korean Refiner

Consumption of energy in Kuwait is hitting 700,000 per day.
April 15th, 2019 - 10:58 GMT

Kuwait Hits Highest Rate of Energy Consumption

In recent months fuel and oil shortages have rocked regime-held areas of Syria.
April 15th, 2019 - 10:45 GMT

Syria Adopts New Measures to Confront Fuel Shortage

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