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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 ...

The country’s ‘Aa2’ foreign and local-currency government bond ratings stand along with similar ratings of Kuwait (‘Aa2’ stable) and the UAE (‘Aa2’ stable).

November 20th, 2013 - 06:57 GMT

Qatar boasts high financial indicators, if only its worker rights ratings were half as high

According to Stephen Pryor, president of Exxon Mobil chemicals, the shale gas boom in the US has triggered a round of protectionist policies resulting in trade restrictions.

November 20th, 2013 - 05:48 GMT

Time for a wake-up call: shale boom triggering over-protectionism, threatening the Gulf

Saudi Arabia's Aramco, the largest crude oil exporter in the world, recently bought solar panels from Canada that it will install in one of it's power plants (Courtesy of Zawya)

November 20th, 2013 - 11:00 GMT

Oil-giant KSA at UN conference to share expertise on "green" technologies

Kuwait, a key OPEC member, controls nearly 101 billion barrels of proven oil reserves at around three trillion cubic metres of natural gas.

November 20th, 2013 - 03:55 GMT

Desperate to stay on top, Kuwait pumps billions to raise oil production capacities

Al Bawaba

November 19th, 2013 - 09:28 GMT

Oman oil marketing company signs agreement with Port of Duqm company to develop fuel bunkering capabilities

LPG demand has surged due to increased demand from countries like China and India. (Image credit: Shutterstock)

November 19th, 2013 - 06:32 GMT

Qatar to increase chemicals, petrochemicals and LPG output

Solar glass is a rapidly expanding business market. (Image credit: Shutterstock)

November 19th, 2013 - 04:51 GMT

With a new technology, a new UAE company eyes 10% of the global solar market

Do energy subsidies stifle innovation and hurt society in the long run?

November 18th, 2013 - 07:24 GMT

The unintended consequences of energy subsidies

Adel Khalifa Al Shaer and his accompanying delegation with officials of Bapco

November 18th, 2013 - 05:43 GMT

Emarat discusses further cooperation with Bahrain Petroleum Company "Bapco"

Oil prices are projected to remain stable in the long run, according to the report (Courtesy of TIME)

November 17th, 2013 - 10:21 GMT

What does OPEC think about the future of oil?

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.

November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?

Ms Eman Al Awadhi, KIPCO’s Acting Group Communications Director

November 17th, 2013 - 07:42 GMT

KIPCO announces platinum sponsorship of 30th NUKS-USA conference