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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 ...

Despite the steady increase in oil exports, many Iraqis complain that much of the windfall is lost to state corruption and that the proceeds have not markedly improved daily life.

May 25th, 2014 - 10:18 GMT

A step further: Iraq repairs nothern oil pipeline after months of sabotage

Major sovereign wealth funds in the Middle East and Asia have invested in Russian businesses and backed its state-funded private equity fund.

May 25th, 2014 - 10:08 GMT

A role bigger than itself? Qatar seeking to hold hands with China and replace EU, US investments in Russia

Saudi Energy 2014 will serve as an ideal platform for energy professionals, government officials, investors and both local and regional buyers.

May 25th, 2014 - 02:55 GMT

Saudi Energy 2014 kicks off at critical time

The 600 million barrel figure is the government’s estimate of how much oil drillers can get out of the earth with existing technology and at current prices.

May 25th, 2014 - 02:55 GMT

Is the US facing massive setbacks? The shale revolution has apparently 'just begun'

Al Bawaba

May 22nd, 2014 - 09:06 GMT

ENOC Lubricants Marketing holds 6th Business Meet in Uganda

Estimation of the uranium resources in the central region are expected to increase as more exploration is carried out by JUMCO in the 350sq.km area.

May 22nd, 2014 - 02:29 GMT

Mining its own business: Jordan to build $140 million uranium plant

According to the Central Bank of Egypt, tourism is ranked second in terms of most important sources of income for Egypt after remittances from Egyptians abroa

May 22nd, 2014 - 01:17 GMT

Upcoming five-fold increase in diesel fuel prices results in smartcard provision for transport, hotel companies in Egypt

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.

May 21st, 2014 - 02:55 GMT

Kuwait's finance minister says budget deficit is inevitable

Al Bawaba

May 21st, 2014 - 01:32 GMT

Thanks to South Korea, the UAE gets closer to realizing its nuclear ambitions

Al Bawaba

May 20th, 2014 - 07:36 GMT

ENOC expands ‘Human Fuel’ charity initiative across entire service station network

Mahendran pointed out that the growth witnessed in the Kingdom was reflective of the robust growth across the GCC region

May 20th, 2014 - 02:55 GMT

An inside look into how the non-oil sector is fuelling growth in Saudi Arabia

Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.

May 19th, 2014 - 02:55 GMT

What's in it for who? Swedish and Russian firms to help Iran dig for oil in the Caspian sea