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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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The KRG has repeatedly declined to identify buyers of its oil or say who is helping to coordinate the sales.
August 24th, 2014 - 11:24 GMT

Did Kurdistan just ship oil to Israel, again?

Al Bawaba
August 24th, 2014 - 03:55 GMT

Lebanon's beaming with pride: two young Lebanese make their way into MIT's "innovators list'

Al Bawaba
August 24th, 2014 - 03:55 GMT

Egypt fails to repay dues to foreign partners on time

Baghdad has tried to block the KRG from exporting oil on its own, citing a constitutional clause making the central government responsible for oil shipments and revenues.
August 24th, 2014 - 03:55 GMT

The fine line between confidence and audacity: Kurdistan 'ready to quadruple" its oil exports

is Majesty King Abdullah on Thursday urged the private and public sectors to join efforts to define the priorities of the 10-year economic plan he asked the government to draft.
August 24th, 2014 - 03:55 GMT

Not politics, nor security: Jordan's troubles are economic, says King

Al Bawaba
August 21st, 2014 - 10:56 GMT

Millions of Android users in the Middle East are at hacking risk and here's why

Al Bawaba
August 21st, 2014 - 10:28 GMT

$200 million worth of 'bad investments' later, judge rules in favor of Al-Kharafi family

Sheika Fatima also urged Emirati youth to be rational towards wedding expenditure, saying that overspending often leads to negative effects on family stability.
August 21st, 2014 - 10:18 GMT

Tying the knots: Marriage fund in the UAE to establish mass weddings

“I would still go because I know those places and I know what to wear when going to them,” she said.
August 21st, 2014 - 02:27 GMT

For once, the travel warning is the other way around: UAE government warns citizens against Central London

The ministry cancelled the projects due to the grid’s constraints at present and inability to absorb more loads, Hamed said in a phone interview this week.
August 21st, 2014 - 01:34 GMT

Gone with the wind: Jordan cancels plans to build 5 additional wind power plants due to lack of support from the Gulf

“Following consumer feedback, we’ve now taken this a step further by bringing our waterproof expertise to a mid-range smartphone for the first time with Xperia M2 Aqua,” he added.
August 21st, 2014 - 03:55 GMT

Sony introduces 'world's most waterproof phone'

Al Bawaba
August 21st, 2014 - 03:55 GMT

Not getting anywhere: Saudization poses challenge for transport sector

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