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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 ...

More private companies, as well as public entities are investing in green energy in the Middle East (Shutterstock)

January 19th, 2014 - 08:25 GMT

The Greening of the Gulf: Explaining the shift in the region's energy sector

Meanwhile, diplomats said that providing the amount would not be an issue, because many IAEA member states have already expressed their willingness to help.

January 19th, 2014 - 03:55 GMT

The cost of peace: IAEA needs $8 million euros to implement the Iranian nuclear deal

he EU also will suspend bans on trade in gold, precious metals and petrochemical products while increasing a ceiling on financial transfers not related to remaining sanctions

January 19th, 2014 - 03:55 GMT

A new week, a new phase? EU to lift sanctions off Iran on Monday

The Gulf Arab states have conditioned normalisation of relations with Israel on its acceptance of the 2002 plan drafted by Saudi Arabia for peace with the Palestinians

January 19th, 2014 - 03:55 GMT

Peace agreement ahead? Israel's energy ministrer attends IEAE conference in the UAE

Adnoc said last week it wouldn’t renew its concession agreement with BP, Exxon Mobil, Royal Dutch Shell, Total and Partex to run the fields

January 15th, 2014 - 08:05 GMT

The end of an era: 75 years later, Abu Dhabi to sell oil at premium prices

According to Leylaz, Iran has sold $34 billion worth of oil and byproducts during the past nine months, earning $32 billion

January 15th, 2014 - 07:48 GMT

Envisioning the possible: how exactly would the Iranian economy look like without sanctions?

Removing subsidies may drive down economic competition and activity overall in the GCC, say experts (File Archive/Shutterstock)

January 15th, 2014 - 02:06 GMT

Will the GCC face stagflation if oil subsidies halted?

During the event

January 15th, 2014 - 10:06 GMT

Omanoil launches code of ethics to instill values of integrity and transparency amongst employees

Cutting subsidies is politically difficult because of longstanding tensions between the cabinet and parliament, where many lawmakers campaign to raise social benefits.

January 14th, 2014 - 10:15 GMT

Kuwait's nanny state model under serious scrutiny

China's top crude supplier Saudi Arabia is set to ship about the same volumes to Chinese buyers in 2014 as it did last year, as the world's second-largest oil consumer takes more from Iraq and Central Asia, traders said.

January 14th, 2014 - 10:03 GMT

Saudi Arabia to retain spot as China's to oil supplier in 2014 but is also about to face some fierce competition

The sudden availability of Iranian oil is one of the many factors driving uncertainty in the oil market. (Image credit: Shutterstock)

January 14th, 2014 - 09:35 GMT

In an oil market driven by uncertainty, Oman's output declines

TASJEEL SELECT PLUS

January 14th, 2014 - 08:30 GMT

ENOC Retail launches innovative TASJEEL SELECT PLUS fleet management card for Tasjeel customers