This is Beirut, 15/08 09:45 - Reading : 4 minute(s)
Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest crude producer. Nigeria's Dangote Refinery says that the plan will boost efficiency by cutting down on intermediaries while providing more competitive options for ...
This is Beirut, 08/08 12:20 - Reading : 1 minute(s)
Iraqi authorities denied on Friday that the country had played any part in Iranian efforts to evade US sanctions on oil exports after Washington last month linked a local businessman to the practice. In early July, the US State Department sanctioned six entities and identified four vessels as having "knowingly engaged in a significant transaction ...
This is Beirut, 07/08 16:25 - Reading : less than a minute
Amid rising tensions and US sanctions targeting networks accused of smuggling Iranian oil through Iraq, the authorities are stepping up efforts. An operation is underway in the Khor Abdullah Canal to secure maritime routes, combat smuggling and reassert Iraqi control over this geopolitically sensitive area.
This is Beirut, 06/08 09:40 - Reading : 2 minute(s)
Ukraine Russia US India Tariff Oil
India's national security adviser was in Moscow on Wednesday, media in New Delhi reported, after Washington threatened to hike US tariffs because of India's purchases of Russian oil. India is a major buyer of Russian oil, a key source of revenue for Moscow's military offensive on Ukraine. US President Donald Trump said Tuesday he was considering ...
This is Beirut, 21/07 20:12 - Reading : 2 minute(s)
United Kingdom Russia Sanctions Oil Ukraine
Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since ...
This is Beirut, 21/07 18:15 - Reading : 2 minute(s)
United States China Russia Iran Oil
The next round of US-China talks could include Chinese purchases of Russian and Iranian oil, US Treasury Secretary Scott Bessent said Monday, a move that would shift the focus of trade negotiations into national security issues. US President Donald Trump has imposed fresh tariffs on allies and competitors alike this year, and Washington and ...
This is Beirut, 18/07 20:55 - Reading : 2 minute(s)
Iraq said Friday that drones, which hit several military radar systems last month, were launched from within the country but manufactured abroad, without identifying the perpetrators. On June 24, the Iraqi government said that several small suicide drones targeted multiple Iraqi military sites and bases, including the radar systems at Camp Taji, ...
Bassam Abou Zeid, 18/07 09:30 - Reading : 3 minute(s)
Cyprus Lebanon Syria Oil economy exploration gas maritime borders
Lebanon’s push to revive oil and gas exploration in its Exclusive Economic Zone remains stuck in limbo. Political gridlock and regional volatility have stalled progress, and even French energy giant TotalEnergies – holder of the license for Block 9 – has yet to take any operational steps or issue public statements. The only current movement ...
This is Beirut, 17/07 13:35 - Reading : 2 minute(s)
A drone loaded with explosives struck an oil field in Iraq's northern Kurdistan region on Thursday, Kurdish forces said -- the second attack in two days on the Norwegian-operated site. "At 10:55 am (0755 GMT) a new attack by an explosives-laden drone hit" the DNO-operated Tawke field in Zakho disrict, Kurdistan's counterterrorism services ...
This is Beirut, 16/07 11:59 - Reading : 2 minute(s)
Explosive-laden drones hit three oil fields in Iraq's autonomous Kurdistan region on Wednesday, Kurdish authorities said, a day after a similar attack halted operations at a US-run field. Production in two fields operated by the Norwegian group DNO ASA has been temporarily suspended, the company said. In the past few weeks, Kurdistan has ...
This is Beirut, 15/07 11:10 - Reading : 2 minute(s)
Irak Drone Erbil Kurdistan oil
A drone strike forced a US company to suspend operations at an oil field in Iraq's autonomous Kurdistan region Tuesday, amid a wave of similar attacks targeting the region's energy infrastructure. The Kurdistan natural resources ministry said the Sarsang oil field in Duhok province was hit, calling the strike "an act of terrorism against the ...
This is Beirut, 11/07 17:25 - Reading : 1 minute(s)
Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...