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Oil and Renewables

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The lights were always going to go out: inside Lebanon's electricity affair
April 24th, 2026 - 09:42 GMT
Al Bawaba Staff

Al Bawaba Staff

The lights were always going to go out: inside Lebanon's electricity affair

As per Lebanese regulation, before any fuel cargo is accepted into Lebanon, it must undergo laboratory testing. And the body responsible for said testing? The Ministry of Energy. Électricité du Liban, the state-owned electricity company, relies heavily on fuel imports as it still uses fossil fuels. Surprisingly enough, the World Bank attributes nearly half of Lebanon's public debt (around $40 billion) to the electricity sector. Despite years of massive spending ...
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Egypt owes $3.5B  to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult. (File photo)
February 9th, 2017 - 10:00 GMT

Egypt repays $630M debt to Eni for Zohr gas field development

The report indicated that Jordan is placing a heavy emphasis on solar and wind power projects. (PV magazine/Samer Zawaydeh)
February 9th, 2017 - 08:00 GMT

Clean energy investments gain momentum in Jordan

Aramco's IPO, which is predicted to raise about $100 billion, is set to yield millions of dollars in fees and push Moelis up in global investment bank rankings. (File photo)
February 9th, 2017 - 07:00 GMT

Saudi Aramco names boutique bank Moelis to advise on historic IPO

OPEC countries agreed with exterior independent producers, including Russia, to reduce their product around 1.8 million barrels per day for six months starting from January.  (File photo)
February 8th, 2017 - 11:00 GMT

Oil production cut compliance rate hits highest level in history of OPEC

The Lilyvale Solar Farm in Queensland is expected to begin operations towards the end of 2018. (Abdul Lateef Jameel Energy)
February 8th, 2017 - 10:00 GMT

Abdul Latif Jameel Energy's FRV seals deal for solar energy farm in Australia

A part of the gas will be consumed in Oman and the rest of it turned to liquefied natural gas (LNG) for export to target markets.  (Chess Subsea Engineering)
February 8th, 2017 - 09:00 GMT

Oman renews undersea gas pipeline agreement with Iran

Jim McIlvenny
February 7th, 2017 - 09:02 GMT

Jim McIlvenny named as new Dow IMEAT President

Recently, members of Oman’s Shura Council called for fuel prices to be fixed annually instead of monthly and to help low income families afford fuel. (Shutterstock)
February 7th, 2017 - 05:28 GMT

Bring subsidies back? Call for 'fuel stamps' to help the poor in Oman

ADNOC Distribution
February 6th, 2017 - 10:46 GMT

ADNOC Distribution opens Al Rgayyb Service Station in Western Region

The non-oil private sector expects market conditions to continue to improve over the coming year. (Shutterstock)
February 6th, 2017 - 08:00 GMT

Saudi’s non-oil businesses improve, but job growth remains slow

The large-scale renewable energy project will generate five thousand megawatts of energy for the country. (File photo)
February 5th, 2017 - 02:00 GMT

Iran to spend $3 billion on renewable energy projects

The ministry stated that it is concerned with saving energy used by the industrial sector and making it more environmentally friendly to reduce CO2 emissions, adding that Egypt is ranked 11th worldwide in terms of rapidly increasing emission rates. (File photo)
February 5th, 2017 - 12:00 GMT

Egypt to invest $6.5 million to solar energy projects

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