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Oil and Renewables

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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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Russia has been a leading non-member supporter of efforts to control production and influence crude oil prices. (Shutterstock)
October 19th, 2016 - 07:00 GMT

Crude oil rallies as support builds for OPEC production freeze

EQUATE President & CEO Mohammad Husain
October 19th, 2016 - 06:57 GMT

KFAS, EQUATE, Americana & Plastic Industries Company celebrate innovative collaboration in plastic food packaging

ADNATCO
October 18th, 2016 - 10:03 GMT

ADNOC to create world class shipping, marine and services Company

Dewa stand at GITEX
October 17th, 2016 - 07:05 GMT

HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum inaugurates DEWA’s updated website at GITEX 2016

During the signing
October 16th, 2016 - 09:27 GMT

Oman Oil Marketing Company joins hands with Al Raffd Fund to empower entrepreneurs with marketing support

In a statement Friday from OPEC on the outcome of the meetings in Istanbul, Russian Energy Minister Alexander Novak said support was growing from non-member states. (Shutterstock)
October 16th, 2016 - 04:09 GMT

Crude oil prices dip despite positive OPEC sentiment in Istanbul

Aramco President Amin Al Nasser said that the company would develop new techniques for oil extraction in order to increase Saudi oil reserves to 900 billion barrels. (File photo)
October 13th, 2016 - 10:00 GMT

Saudi Aramco plans $300B in oil investments over next decade

The revised tariffs are seen as a strong incentive to reduce overall consumption. (File photo)
October 13th, 2016 - 09:00 GMT

Power up: Oman to cut energy tariffs for large consumers from 2017

Since last May, Egypt has purchased 400,000 tons of kerosene, 200,000 tons of gasoline and 100,000 tons of diesel from Saudi Aramco. (Shutterstock)
October 13th, 2016 - 06:00 GMT

Confusion continues over Saudi oil shipments to Egypt

HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of Suqia
October 13th, 2016 - 05:25 GMT

UAE Water Aid Foundation (Suqia) and Carbon Ambassadors support Nairobi clean drinking water project

Iraqi is already exporting oil at near record levels. (File photo)
October 13th, 2016 - 04:15 GMT

Norway's DNO to boost oil production at Kurdish wells

The target of the Ministry of Petroleum was to reduce its dues to less than $2.5bn by the end of 2015, and to repay its full dues by the end of 2016. (Daily News Egypt)
October 12th, 2016 - 10:00 GMT

Egypt's petroleum ministry debt to foreign companies rises to $3.6B

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