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Oil and Renewables

Oil and Renewables latest

US strike on oil tanker dodging the blockade
June 17th, 2026 - 09:05 GMT
P. Choiaqo

P. Choiaqo

US used Iranian smuggling tactic to move oil through Hormuz

ALBAWABA - In an exclusive Reuters report, the U.S. has overseen and supported dozens of secretive ship-to-ship oil transfers, avoiding Iranian blockades and attacks. The method, used by Iran to avoid sanctions and blockades for years, involves transferring cargo between ships to mask its origin. In its simplest form, a ship would hand off its cargo to another ship on the way to the same destination with the transfers taking ...
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Iran’s Ghadir electricity and energy company and Greece’s Metka engineering firm cooperated over the project that took seven months to complete through an investment of around $15 million. (File photo)
April 27th, 2017 - 01:40 GMT

Iran launches largest solar plant to date, announces bids for renewable energy projects

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

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