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A shipment of fuel is set to arrive in Lebanon this week as part of a deal, which it is hoped will alleviate the chronic energy problems plaguing the country.
France's TotalEnergies has signed a $27-billion contract to invest in oil, gas and solar energy production in Iraq in an apparent bid to end the country's reliance on fossil fuels
Oil revenue represents at least 95 percent of Iraq's income.
A deal between Iraq and Lebanon will allow the two nations to swap a million tonnes of fuel oil in exchange for medical services.
According to the Iraqi Radioactive Sources Regulatory Authority head, the country seeks to generate 25 percent of its electricity requirements with nuclear for 2030-31.
Iraq is drafting a plan to build nuclear reactors after numerous blackouts triggered social unrest throughout the country and threatened its political stability.
Saudi Arabia and Kuwait have declared their 'exclusive rights' over the Durra field, in a move likely to rekindle tensions with Iran and Iraq.
Hussein Julood launched UK legal proceedings against BP, just over a year after his son Ali died aged 21, in what is believed to be the first case of its kind.
![Kuwait oil prices [AFP]](/sites/default/files/styles/large_16_9/public/media/images/FD774746-AEED-435C-B283-BCAB9DAFE28B.jpg?h=d1cb525d&itok=5ft8qOQK "Kuwait oil prices [AFP]")
Iran's attack on Israel has injected fresh anxiety into oil markets already roiled by regional tensions from the war in Gaza.
Iraq made its highest monthly oil export revenue since 1972 as crude prices soared amid shortfall fears following Russia's invasion of Ukraine.