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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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The Gulf state is also revising subsidies on electricity, water and petrol, currently sold at well below cost.
June 10th, 2014 - 08:34 GMT

Here comes the avalanche: Kuwait ends diesel subsidies over deficit fears

Although the plans for the construction operations have actually been suspended, the contracts have not been cancelled.
June 9th, 2014 - 01:32 GMT

Backtracking: Iran suspends plans to build refineries in Malaysia, Indonesia, and Syria

“The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added.
June 9th, 2014 - 12:49 GMT

Another ambitious post-sanctions goal on the agenda: Iran plans to triple petrochemical exports

The GCC’s situation is quite unique at the global level.
June 8th, 2014 - 11:23 GMT

Beyond the usual: massive surpluses await the Gulf economies

The report gave no indication of whether any change in investment strategy was envisioned.
June 8th, 2014 - 11:15 GMT

Norway, you have competition: Saudi Arabia about to launch its first Sovereign Wealth Fund

Al Bawaba
June 8th, 2014 - 11:07 GMT

The equivalent of Jordan’s entire GDP: Libya has lost $30 billion so far in lost oil production

Al Bawaba
June 4th, 2014 - 11:59 GMT

ENOC wins Dubai Human Development Appreciation award

Al Bawaba
June 3rd, 2014 - 10:21 GMT

The North-South divide: South Sudan petroleum and mining ministry declares $3.5 billion profits in one year

Al Bawaba
June 3rd, 2014 - 09:46 GMT

ENOC Lubricants to highlight premium solutions at Automechanika Dubai 2014

Al Bawaba
June 2nd, 2014 - 08:43 GMT

OCTAL targets market expansion after successful Interpack exhibition

Al Bawaba
June 2nd, 2014 - 02:55 GMT

Iraqi oil production is headed for a comeback

Tehran agreed to freeze some nuclear activities for six months in exchange for partial sanctions relief
June 1st, 2014 - 09:17 GMT

Here's to hoping: UAE, Germany hopeful Iran's nuclear dispute will be permanently resolved

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