Energy

A nationwide power outage hit Syria on Tuesday, highlighting the country's major problems with energy output and the need for a stable power system.

Iraq has renewed a deal with Lebanon to supply the country with fuel for six more months to help Beirut with its chronic electricity crisis

Two tankers carrying Russian oil are due to offload in Syria's Baniyas for the first time, as the war-torn country looks for alternatives to Iranian oil

Saudi Arabia awards mining exploration licenses to Vedanta, Ajlan & Bros, and Zijin Mining, with firms set to invest $97.59 million over three years.

Egypt remains committed to reducing its energy subsidies to reach cost recovery by end-2025, the International Monetary Fund said on Wednesday.

Qatar has agreed to supply gas to Syria via Jordan in an attempt to aid the country's rebuilding of its devastated energy sector.

Profits were down 12 percent in the second annual drop following a record high posted in 2022, which came off the back of Russia's invasion of Ukraine.

The cut comes after US President Donald Trump renewed pressure on OPEC to bring down prices which have been high following Biden's sanctions against Russia.

Baghdad has invited oil firms for a meeting next week to address issues related to existing contracts

Iraq is a major producer, with the World Bank estimating that the country has 145 billion barrels of proven oil reserves.