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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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The US oil drilling rig count fell for a third consecutive week, as rising costs and pipeline bottlenecks have hindered new drilling since June. (Shutterstock)
October 9th, 2018 - 05:57 GMT

US Contemplates Waivers on Iran Crude Sanctions, but There Is a Catch

The two sides stressed cooperation in technology transfer and exchanging the know-how in the field, as well as the possibility of investment by Omani companies in the Islamic Republic’s upstream oil and gas sector. (Shutterstock)
October 9th, 2018 - 05:53 GMT

Iran, Oman to Boost Energy Ties

Today SABIC’s chemical operations embrace the world, with plants in Geleen, in the Netherlands, and Yanbu in Saudi Arabia, but its striking headquarters are still in Riyadh. (Arab News)
October 8th, 2018 - 06:55 GMT

This Is Why Sabic Is Important to Saudi, and It's Not Just the $70 Billion

The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

The Aramco IPO would be a seismic event for financial markets. Prince Mohammed said he hoped to raise a record $100 billion by selling a five per cent stake. (Shutterstock)
October 7th, 2018 - 07:05 GMT

Bin Salman Sets 2021 for Aramco IPO Listing

Experts say the pipeline would allow the kingdom not to be constrained to the Strait of Hormuz or the Bab el-Mandeb Strait, both strategic choke points that affect its current oil shipping routes. (Shutterstock)
October 7th, 2018 - 06:09 GMT

Yemen Accuses Saudi of Oil Theft

Crown Prince Mohammed bin Salman (AFP/File Photo)
October 7th, 2018 - 05:37 GMT

Ahead of US Sanctions on Iran, Bin Salman Assures Trump With 1.5 Million Oil Barrels

Wind turbines on the hill of the Alborz mountain range of northwestern Iran (Shutterstock)
October 7th, 2018 - 05:19 GMT

As US Sanctions Approach, Iran Promotes Investments in Renewable Energy

“The Aramco postponement is a benefit for the country, and the acquisition of SABIC makes more sense,” Haddad told the Citi Middle East Media Summit. (AFP)
October 4th, 2018 - 06:53 GMT

Why Is Delaying Saudi Aramco's IPO Good for the Country?

Saudi Arabia is mostly exporting its oil through its western ports on the Red Sea. (Shutterstock)
October 4th, 2018 - 05:59 GMT

Saudi Joins the $64 Billion CPEC With Oil Refinery in Pakistan

OPEC and Russia capped oil output in January 2017 to drive up prices. (Shutterstock)
October 4th, 2018 - 05:14 GMT

Saudi Arabia, Russia Will Not Lower Oil Prices, Despite Trump's Plea

In order to implement these energy programs and projects, the Kingdom attaches great importance to the issue of encouraging investment in the energy sector in general and in the renewable energy sector in particular. (Shutterstock)
October 3rd, 2018 - 06:59 GMT

Morocco Vows to Invest Over $ 40 Billion in Energy Sector by 2030

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