The West Bakr Wind project will have a capacity of 252MW and is expected to produce enough renewable electricity to power around 350.000 homes.
Read More »Gibraltar Says to Ease Standoff with Iran over Tanker Seizure
Gibraltar on Tuesday said it plans to de-escalate tensions with Iran over the seizure of Grace 1 supertanker. reinvigorating hopeful speculations that it might release the large vessel soon.
Read More »Oil Prices Fall on Weak China Economic Data. U.S. Stocks Rise
Markets have been pummeled in recent weeks amid tough talk from Trump on trade.
Read More »Iran Posts Jump in Steel Exports. Record Low in Imports
New statistics show that Iran has exported about 20% more steel this year. while it has cut down its imports of the item by 208%.
Read More »Iran Undertakes Policies to Expand Pet-Chem Industry amid US Sanctions
A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.
Read More »Aramco still World’s most Profitable Company
The average selling price for Aramco’s crude fell to $66 bbl in the first half from $69 bbl a year earlier.
Read More »UK Power Failures Demonstrate Need for Fast Response Tech Like Batteries
Regen and the Electricity Storage Network say the government and Ofgem must increasingly value these technologies in the Capacity Market.
Read More »Cost of Energy Has Tripled in The Last 20 Years
Compare The Market says the average domestic cost of gas has risen by 221% over the period. the price of electricity has risen by 193%.
Read More »Iran Producing 100 Million lpd of Gasoline
The US has been discouraged at its old plans for invoking global sanctions on gasoline exports to Iran.
Read More »Global Stock Markets Rally as Trump Delays Key China Tariffs
Weakness in Asian stock markets had spilled first into Europe and from there into early US trading.
Read More »