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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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Dues owed to foreign partners for the petroleum sector have grown to $6.3bn through July 2014, as compared to $6bn at the end of April 2014
July 14th, 2014 - 02:02 GMT

No wonder it's resorting to Israel: how Egypt's gas production is falling victim to debt

One source told The Daily Star that most international oil companies may not rush to bid for available gas blocks if Lebanese politicians failed to iron out all their differences on some articles in the decrees.
July 14th, 2014 - 03:55 GMT

Passing on gas: Lebanon's gas auction postponed over and over again due to political deadlocks

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.
 In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.
July 13th, 2014 - 10:29 GMT

A defining moment has arrived: why demand for OPEC oil will never be the same

Another option that has been pushed forward enthusiastically in recent weeks is selling gas to the international companies that have land-based liquefaction facilities in Egypt.
July 13th, 2014 - 03:07 GMT

What political 'sensitivity'? How Turkey, Cyprus, and Egypt are playing an intense round of tug of war over Israeli gas

Iran’s Targeted Subsidy Reform remains one of the most ambitious attempts to reform subsidies in an energy-exporting country.
July 13th, 2014 - 01:11 GMT

Applauded, for once: IMF declares Iran's subsidy reform program a success

Al Bawaba
July 13th, 2014 - 10:35 GMT

ENOC donates AED 3 million to ‘UAE Water Aid' initiative

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.
July 13th, 2014 - 03:55 GMT

True competition with Saudi Arabia? Iran promises an economy independent of oil

Efforts to reach agreement on a new government in Baghdad to confront the insurgents have been complicated by the tensions between Maliki and the Kurds.
July 13th, 2014 - 03:55 GMT

The deadlock deepens further: Kurdistan seizes two oil fields, state-owned oil company

A number of foreign partners have reduced investments in the sector for the upcoming period, which will cause average natural gas production to stabilise.
July 13th, 2014 - 02:14 GMT

Egypt marks the end of subsidies with $6.3 billion in debt to foreign oil and gas companies

Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
July 11th, 2014 - 02:16 GMT

How a terminal is standing in the way of Egypt's ambitions to restore its gas industry

After that deal, shipments from Zueitina were delayed because of damage from the blockade, while Hariga has seen only a few tanker loadings.
July 11th, 2014 - 01:42 GMT

A glimpse of normalcy: how the restarting of the El-Sharara oil reignited hope for the Libyan economy

Al Bawaba
July 10th, 2014 - 02:40 GMT

Thanks to Libya's slight comeback, oil prices settle at one month low

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