Iraq counts votes after lowest ever election turnout
Vote counting was underway in Iraq on Monday, a day after a record low turnout in a parliamentary election, reflecting what many Iraqis said was a loss of faith in Continue Reading
Fuel shortage forces shutdown of main Lebanese power plants
The two main power plants in crisis-hit Lebanon have gone out of commission, effectively stopping all state electricity in the country. The shutdown on Saturday of the Deir Ammar and Continue Reading
Lebanon restores power supply after complete halt
Lebanon’s power supplies were back to normal on Sunday after a blackout the previous day when the country’s two biggest power stations shut down because of a fuel shortage, the Continue Reading
Lebanon energy ministry says received approval for $100 million in fuel import credit
Lebanon’s energy ministry said on Sunday it received central bank approval to for $100 million in credit to issue fuel import tenders for electricity generation. The ministry added in a Continue Reading
Lebanon’s Unravelling Economy Could Have A Major Geopolitical Impact
As Lebanon’s economy unravels, political instability in the deeply divided country is ratcheting ever upward. As the economic crisis deepens, with little to no credible attempts from Beirut to turn Continue Reading
Saudi Arabia Eyes Oil Market Dominance As Prices Bounce Back
Saudi Arabia is finally recovering from a disastrous year in 2020, with its oil revenues surpassing pre-pandemic levels A major focus for Saudi Arabia going forward is to retain its Continue Reading
Iraq seeks 7.5 GW of renewable power as it inks 2 GW deal with UAE’s Masdar
Highlights First phase of Masdar deal includes 1 GW Iraq also has renewable deals with TotalEnergies, PowerChina It needs renewables to lower reliance on oil, gas in power generation Iraq Continue Reading
INOC moves to join TotalEnergies in mega-projects
The Iraqi Cabinet has approved the newly formed Iraqi National Oil Company (INOC) to take a partnership stake in a multi-faceted energy deal. Leadership from French oil firm Total and Continue Reading
Iraq signs deal with consortium led by Norway’s Scatec for 525 MW solar plants
Highlights Iraq also has renewables deals with TotalEnergies, PowerChina, Masdar It wants to generate 7.5 GW of renewable power before 2023 Iraq is seeking to lower dependence on gas, oil Continue Reading
Iraq in advanced talks with IOCs over boosting oil capacity to 8 mil b/d by 2027
Highlights INOC to take 40% stake in TotalEnergies’ Basra project: oil minister Chevron project to be finalized in next few weeks Iraq to remain reliant on Iranian gas for a Continue Reading