Parvin Faghfouri Azar

Chinese-Built Solar Project Makes World Cup Greener

The 800-megawatt Al Kharsaah photovoltaic power station, Qatar’s first solar power plant, seen here, was constructed by PowerChina Guizhou Engineering Co. [Photo/China Daily] Since a capacity crowd cheered at the opening on Nov 20 of the 2022 FIFA World Cup at the brilliantly lighted Al Bayt Stadium in Doha, the …

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The Problem with Oil and Gas Price Caps

This week saw two documents published by two government departments: the European Commission in Brussels and the Department of Treasury in Washington. The Commission’s document was a proposal for “a new instrument” aimed at limiting excessive gas prices in Europe. The Treasury’s document was guidance on the implementation of a …

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EU Delays Talks on Russian Oil Price Cap until Next Week

A meeting of European Union government representatives, scheduled for Friday evening to discuss a Group of Seven (G7) proposal to cap Russian seaborne oil prices, was cancelled, EU diplomats said. “There was not enough of a convergence of views,” one diplomat said. “There won’t be a meeting tonight nor this …

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Saudi Aramco Base Oil Gets Nod for $1bn IPO

Saudi Aramco Base Oil Co., a unit of the state-owned oil producer, has received regulatory approval for an initial public offering in Riyadh, as the world’s biggest crude producer looks to list some of its subsidiaries. The IPO will consist of the sale of 50mn shares – a 29.7% stake …

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Europe’s Wind Energy Industry has Hit a Rough Patch

Why isn’t wind power going gangbusters? In Europe, the energy crisis is causing solar power growth to break record after record. In the United States, the Inflation Reduction Act has provided major incentives to the renewable energy sector. For the last two weeks, the world’s preeminent energy and environmental experts …

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