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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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Al Bawaba
October 8th, 2014 - 11:52 GMT

Another bubble burst for Scarlet Johansson? Sodastream shares collapsing

He added that the central bank will reimburse that sum in case the Qatari government requests the money back.Egypt's net international reserves inched up to $16.8 billion in August, but are expected to decline if Egypt returns the two deposits.
October 8th, 2014 - 02:20 GMT

Thanks, but no thanks: Egypt to return $500 million loan to Qatar

Al Bawaba
October 8th, 2014 - 12:59 GMT

The 'remarkable' trend continues: Oil demand drops on signs of weak demand, 'tremendous surge in US oil production'

The two parties met in court for the first time this week for a hearing to discuss costs incurred in relation to the abandoned application, among other issues.
October 8th, 2014 - 12:07 GMT

The law does protect fools after all: Goldman Sachs ordered to pay legal costs to Libya for 'bad advice'

After the deal closes in November, Chevron Canada will remain the operator and will hold a 70 per cent interest in the project.
October 8th, 2014 - 04:55 GMT

Multiple personalities? Kuwait buys Chevron's stake in Canadian Shale oil despite no expertise in the field

Al Bawaba
October 8th, 2014 - 03:55 GMT

Higher than the US? Morocco considers legalizing weed!

Some 465 new schools will be built, while another 1,500 will be refurbished along with work on another 1,544 existing school construction projects expected to continue.
October 7th, 2014 - 04:32 GMT

GCC to spend $90 billion on education construction by 2020

Al Bawaba
October 7th, 2014 - 04:14 GMT

Time for the Middle East to revise its oil demand forecasts? World Bank trims China, East Asia forecast

Walt Disney Co has come to the rescue of its loss-making subsidiary EuroDisney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday.
October 7th, 2014 - 11:08 GMT

Just like a fairytale? Walt Disney comes to the rescue of Euro Disney with $1.3 billion recapitalization deal

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
October 7th, 2014 - 04:55 GMT

Coming back for a comeback: Kuwait invites major oil companies back

The IMF has warned that Yemen's fiscal deficit would reach 9 percent of gross domestic product in 2014 and foreign reserves would decline to well below three months of imports in the absence of economic reforms.
October 7th, 2014 - 03:55 GMT

Yemeni govt deal with Houthi rebels 'in line' with IMF conditons

Zafar will be sent into a geostationary orbit, which is a circular orbit around 36,000 kilometres (22,320 miles) above the Earth’s equator.
October 7th, 2014 - 03:55 GMT

Unsanctionable? Iran prepares to launch space satelites

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