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Oil and Renewables

Oil and Renewables latest

Russia and China Forge a New Pole of Energy Stability in Eurasia
December 2nd, 2025 - 02:25 GMT

Russia and China Forge a New Pole of Energy Stability in Eurasia

The synthesis of Russian energy resources and Chinese technology is forming a new axis of the global economy, capable of withstanding external pressure and ensuring sustainable development. The key advantages of this strategic partnership are a significant reduction in dependence on the US dollar, competitive electricity prices, and colossal investments in the sector. Settlements between Russia and China have almost completely transitioned to national currencies. This creates financial independence for the partners. Furthermore, electricity for industry in both countries costs more than twice cheaper than in the United States. Russia ...
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"We hope before May [ends] matters will have been cleared and we will have entered the programme," Alwageh said noting that the IMF board was expected to meet in July to finalise the deal.
May 18th, 2014 - 11:23 GMT

Are subsidies the culprit? Why Yemen is desperate, God forbid, to strike a deal with the IMF

Al Bawaba
May 18th, 2014 - 08:57 GMT

Oman oil company joins outward bound Oman team to coach young talent on real life experiences

The Iraqi government has repeatedly said oil sales by-passing Baghdad are illegal and has threatened to sue any company involved in the trade
May 16th, 2014 - 12:36 GMT

Too far? US, Israel are allegedly importing 'illegal' oil from Kurdistan

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
May 15th, 2014 - 03:47 GMT

A post-sanctions refined relationship? Chinese companies to invest $3 billion into increasing Iran's oil refining capacities

Locals said large sections of the sea had been covered in an unidentified black substance, initially thought to be an oil spill, last Sunday.
May 15th, 2014 - 02:23 GMT

Lebanese power plant under fire for causing massive pollution

Al Bawaba
May 15th, 2014 - 10:13 GMT

ENOC expands ZOOM network with three new stores in Dubai

Al-Awaji noted that the Kingdom has electric links with the Gulf Cooperation Council countries while Egypt is linked with eight eastern Arab countries
May 14th, 2014 - 06:09 GMT

Materializing linkages: Saudi Arabia, Egypt to share electricity during hot summer days

Al Bawaba
May 14th, 2014 - 11:28 GMT

ENOC hosts 5th Middle East Bitumen Conference highlighting best practices and quality standards

In its first public announcement on the project, SABIC did not say where the complex would be located, how much it would pay for the oil or if the crude would be subsidised
May 14th, 2014 - 11:13 GMT

Despite all the other 'mysteries': SABIC's oil-to-chemical plant to become operational in 2020

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.
May 14th, 2014 - 02:55 GMT

Who's being replaced? Iran to export 400,000 bpd to China

The decline in the EU countries’ imports of Russian gas will force them to look toward Gulf countries for gas.
May 13th, 2014 - 10:44 GMT

Europe, be jealous: Egypt to obtain Russian gas at favorable rate

Al Bawaba
May 13th, 2014 - 09:56 GMT

Will the Ukraine crisis give Qatar a chance to liberate Europe from Russian gas dependency? Maybe not, but it's certainly worth considering

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