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Oil and Renewables

Oil and Renewables latest

Italy and Libya Sign Landmark Agreements to Strengthen Health and Energy Sectors
January 18th, 2026 - 05:09 GMT

Italy and Libya Sign Landmark Agreements to Strengthen Health and Energy Sectors

In a key advancement for Italy-Libya bilateral relations, comprehensive agreements were formally signed today in Benghazi between prominent Italian partners San Donato Group, GKSD, and the Libya Reconstruction and Development Fund. The landmark partnership establishes a robust framework for modernizing Libya's health and energy sectors through the deployment of Italian expertise, ambitious capacity building initiatives, and sustainable cooperation mechanisms designed to create lasting institutional transformation. The high-profile signing ceremony, which took place in Benghazi on Friday, brought together senior officials and business leaders from both nations to witness what many ...
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Al Bawaba
September 15th, 2014 - 11:43 GMT

OCTAL honors staff dedication and community spirit at Employee Recognition Awards ceremony

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14th, 2014 - 03:55 GMT

The pendulum is swinging? Falling oil prices shifts energy balance in favor of the West

The extra refined products from Yanbu may have two undesirable impacts, from a Saudi perspective.
September 11th, 2014 - 08:36 GMT

Saudi Arabia has picked the worst time possible to be building massive oil refineries

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
September 11th, 2014 - 01:47 GMT

A 'remarkable slowdown': oil hits two-year low as supplies flood in

"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
September 11th, 2014 - 12:01 GMT

Israeli gas not doing it? Jordan, Cyprus to agree on gas deals 'within weeks'

Al Bawaba
September 10th, 2014 - 02:39 GMT

Worried about a downslide? Saudi Arabia asks OPEC to cut oil output

Al Bawaba
September 10th, 2014 - 09:14 GMT

Kuwait Energy announces first oil discovery in Block 9, Iraq

Jordan currently imports 97 percent of its energy needs, including crude oil from Saudi Arabia and other petroleum derivative.
September 9th, 2014 - 04:38 GMT

Aiming to reduce dependency: an inside look into Jordan's attempts to increase domestic energy production

Meanwhile, in the UAE and Kuwait growth in capital expenditure has been slower than the rise in current expenditure in the recent years.
September 8th, 2014 - 06:51 GMT

Stuck up on oil: the GCC's lackluster diversification record

Al Bawaba
September 8th, 2014 - 06:07 GMT

Octal ushers in a new era for health and safety as employees embrace ‘Annual Safety Week’

Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of Egypt's energy crisis, according to experts who attended the Cairo Energy Conference.
September 8th, 2014 - 03:55 GMT

Renewable energy: the way out of deep Egypt's economic troubles?

Al Bawaba
September 7th, 2014 - 10:18 GMT

Oman Oil Company sings $1.85 billion corporate revolving credit facility agreement

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