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Oil and Renewables

Oil and Renewables latest

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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Market observers said the proactively worded statement was a political ploy made just days before Turkey prepares to elect its president directly for the first time in the history of the republic.
August 5th, 2014 - 08:01 GMT

Playing to the audience as elections loom? Turkey threatens to backtrack on three Israeli pipelines over Gaza attacks

Al Bawaba
August 5th, 2014 - 09:26 GMT

ENOC rolls out ‘Shop and Live for Free’ campaign to mark DSS 2014

Al Bawaba
August 5th, 2014 - 04:25 GMT

EQUATE wins Transform Awards MENA 2014

The project, located on Saudi Arabia’s Red Sea coast, received a formal go-ahead from the parent firms in 2012.
August 4th, 2014 - 07:15 GMT

Backtracking? Aramco, Sumitomo transfer ownership of impending $8.5 billion plant

Al Bawaba
August 4th, 2014 - 08:56 GMT

ENOC joins hands with UK-based Energy Institute to organise training for energy professionals in Dubai

Al Bawaba
August 3rd, 2014 - 04:40 GMT

Making up for the past? An overview of Iran’s new economic policy package

The Kingdom, holding the world's fifth largest proven reserves of gas, expects domestic demand for natural gas - used mainly for power generation
August 3rd, 2014 - 03:55 GMT

A one-sided affair: Saudi Arabia is interested in 'unconventional gas', but what's stopping in the way?

The report additionally forecast that Saudi oil reserves will rise to as much as 273 billion bbls by 2017.
July 31st, 2014 - 03:55 GMT

Saudi oil output to remain high by 'historical standards'

Stover added that the current Tamar pipeline has on several occasion reached its full capacity due to high demand in Israel.
July 28th, 2014 - 03:13 GMT

Well-deserved: Gaza attacks reduce demand for Israeli gas

“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27th, 2014 - 05:24 GMT

Underestimation or outright denial? Shale ‘euphoria’ deemed ‘pointless’ by some in the Gulf

Al Bawaba
July 27th, 2014 - 03:55 GMT

The 'oil curse' just became more real: how oil smuggling in financing the ISIS’ operations

US oil production has embarked on an unprecedented 50 percent rise over the past four years as new drilling techniques allowed oil to flow from vast shale reserves
July 27th, 2014 - 03:54 GMT

A game changer for the ME's oil exporters? Exxon eyes major refinery expansion in the US

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