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Oil and Renewables

Oil and Renewables latest

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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Companies such as Siemens, Lukoil, and Gazprom are attending the show in Tehran. (Shutterstock)
May 5th, 2016 - 11:56 GMT

Global giants flock to Iran Oil Show 2016

The minister's visit “is part of Saudi policies to find alternatives to oil". (Shutterstock)
May 5th, 2016 - 08:00 GMT

Saudi Arabia to cooperate with Sudan on Red Sea mineral exploration

The Tawke field accounts for 50 percent of the production and 60 percent of the total oil exports from the Kurdish north. (File photo)
May 5th, 2016 - 04:03 GMT

Kurdish oil payments help boost Norway's DNO investments in Northern Iraq field

During the event
May 3rd, 2016 - 05:10 GMT

DEWA organises innovation camps

Power plant in Samawah, Iraq. (Wikimedia Commons)
May 2nd, 2016 - 09:00 GMT

Iran resumes electricity exports to Iraq following debt settlement

The independent Australian-based Dunmore Consulting company estimates that the Hatrurim area contains from seven to eleven million barrels of oil. (Wikimedia Commons)
May 2nd, 2016 - 04:00 GMT

Israel's Dead Sea oil find reportedly worth $1.2B

Oman envisages Ras Markaz to be one of the largest oil storage hubs worldwide. (Shutterstock)
May 1st, 2016 - 07:00 GMT

Oman seeks $400M to develop oil storage terminal in Ras Markaz

Saudi Aramco plans to sell less than 5 percent of the company via an initial public offering. (File photo)
April 28th, 2016 - 06:00 GMT

Saudi Aramco outlines financial plan to become 'a global industrial conglomerate'

Due to oversupply around the world and low global demand, crude oil prices began falling in June 2014 from $115 per barrel.  (File photo)
April 27th, 2016 - 08:00 GMT

Hope on the horizon as World Bank forecasts oil price rise to $41 a barrel

The gap in estimate means a NIS 100 billion reduction in revenue from gas sales and a reduction of more than NIS 50 billion in state revenues from taxation. (File photo)
April 26th, 2016 - 07:00 GMT

Dutch report cuts Leviathan gas estimates

Oil exports were not affected by the strike action.  (AFP/File)
April 26th, 2016 - 04:13 GMT

Kuwait suffered up to $200M in losses due to oil strike

ROSATOM
April 25th, 2016 - 07:35 GMT

Rusatom Overseas and PLN held workshop on Russian Nuclear Power Plant Technologies

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