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

April 17th, 2026 - 10:10 GMT

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 ...

Burhan Al Hashemi, Managing Director, ENOC Marketing of which EPPCO Aviation

July 12th, 2016 - 09:17 GMT

ENOC’s custom-made idea to refuel Boeing 737s wins Ideas Arabia Competition 2016 in Health and Safety category

The contract comes as crude oil prices are holding steady in the $50 per barrel range, after plummeting below $30 per barrel early this year. (Shutterstock)

July 10th, 2016 - 01:00 GMT

Singapore's Swiber Holdings wins $215M pipeline project contract in Qatar

Solar energy technologies have not been adopted in the past because of their relatively high cost, but trends are changing. (Shutterstock)

July 10th, 2016 - 11:30 GMT

Solar energy could meet 20 percent of Qatar's power needs by 2030

Further delays in passing the decrees two decrees could jeopardize the chances of Lebanon drilling for gas in the coming few years. (File photo)

July 10th, 2016 - 06:00 GMT

Lebanon to offer ten offshore oil blocks up for international bids

After the war, BP and Shell won big contracts to develop oil fields in the south of Iraq, (AFP/Dan Kitwood)

July 8th, 2016 - 05:54 GMT

Chilcot report: UK oil companies were 'well placed' to reap contracts after Iraq invasion

Analysts at Morgan Stanley said there were also signs prices could fall again soon, pointing at stalling gasoline demand and more oil from Canada and Nigeria after production problems. (AFP/Mohammed Al Shaikh)

July 5th, 2016 - 07:00 GMT

Saudi oil minister optimistic market is 'heading towards balance'

License holders will be required to utilize only best practice technology that reduces the environmental impact of natural gas and oil exploration and production operations. (File photo)

July 3rd, 2016 - 01:00 GMT

Israel to award 60 new oil and gas licenses for offshore exploration

One of the thorny issues Lebanon may need to solve before embarking on gas exploration is the 870 square kilometer disputed zone near the southern territorial waters. (Shutterstock)

July 3rd, 2016 - 09:00 GMT

Lebanon moves closer to removing hurdles to offshore gas exploration

Gulf Keystone Petroleum said said it ended 2015 with an average daily production rate of 36,000 barrels of oil per day at Shaikan and the field is now on pace to reach 55,000 bpd potentially. (File photo)

July 3rd, 2016 - 07:45 GMT

KRG to receive $10M payout bonus for bumper production at Shaikan oil field

PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)

June 30th, 2016 - 07:00 GMT

Petroleum Development Oman raises $4B for project financing

ADNOC Distribution

June 30th, 2016 - 05:15 GMT

ADNOC Distribution operates two vehicle inspection centres for two days during Eid Al Fitr holiday

The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)

June 29th, 2016 - 11:00 GMT

Oil prices inch up slowly after post-Brexit plunge