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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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A substantial part of the world’s production requires high prices to be sustainable.
November 6th, 2014 - 05:34 GMT

An ironic twist: will declining oil prices hit shale harder than oil?

Al Bawaba
November 6th, 2014 - 08:37 GMT

DEWA commences work on AED 65 million project to increase efficiency and reliability of water transmission network across Dubai

Al Bawaba
November 6th, 2014 - 05:07 GMT

Emarat participate at ADIPEC 2014 to assert its leadership within the petroleum industry

US light crude was down $2.00 at $76.78 a barrel. It touched a session low of $75.84, its weakest since October 2011.
November 6th, 2014 - 04:55 GMT

Rock bottom? Not yet. Oil prices officially hit four year low

That would take total oil exports from Saudi in August to 7.686 million bpd, close to its crude export levels last year.
November 6th, 2014 - 04:55 GMT

Innovation or desperation? Saudi Arabia seeks tighter grip on oil market through new monumental refineries

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.
November 5th, 2014 - 09:09 GMT

He's worried, rightfully so: Al-Waleed Bin Talal asks his country to stop 'huge mistake' and establish sovereign wealth fund

Al Bawaba
November 5th, 2014 - 08:40 GMT

A Delegation from Kuwait Petroleum Corporation discusses Energy Cooperation with Emarat

The report does not take the Arab boycott against Israel into account, and therefore does not assume that investment in Israel is even lower than the report found.
November 4th, 2014 - 08:11 GMT

Futile ambitions? The 'boycott effect' aside, Israel declared unfit for gas investments

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Al Bawaba
November 4th, 2014 - 10:10 GMT

DEWA endorses 3rd Global IWPP Summit

Al Bawaba
November 4th, 2014 - 08:47 GMT

ENOC opens first stand-alone ZOOM outlet in Abu Dhabi

Al Bawaba
November 4th, 2014 - 06:16 GMT

ADNOC Distribution announces reduction in diesel price at all service stations in the Northern Emirates

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