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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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Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
May 29th, 2014 - 11:35 GMT

In attempt to keep up with global demand, Aramco will splash $100 billion on downstream investments

Al Bawaba
May 29th, 2014 - 06:56 GMT

Emarat participates in the Global No Smoking Day

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Al Bawaba
May 28th, 2014 - 09:17 GMT

Emarat lubes granted the Emirates Quality Certificate from Emirates Authority for Standardization and Metrology

After all, China is the big hope for growth in LNG demand, with some forecasts calling for a tripling of its imports to more than 60 million tonnes per annum by 2020.
May 27th, 2014 - 10:04 GMT

Is the Chinese-Russian historic, $400 billion deal about to change the gas market forever?

Al Bawaba
May 27th, 2014 - 07:43 GMT

ENOC launches feature-rich App to support Smart Dubai vision and enhance customer satisfaction

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year.
May 26th, 2014 - 08:57 GMT

New Saudi-Bahraini $350 oil pipeline in the making

Iran possesses the world’s second largest reserves of natural gas and the world’s fourth largest reserves of crude oil.
May 26th, 2014 - 12:37 GMT

If you say so: Iran affirms that oil prices won't drop below 100$

Despite the steady increase in oil exports, many Iraqis complain that much of the windfall is lost to state corruption and that the proceeds have not markedly improved daily life.
May 25th, 2014 - 10:18 GMT

A step further: Iraq repairs nothern oil pipeline after months of sabotage

Major sovereign wealth funds in the Middle East and Asia have invested in Russian businesses and backed its state-funded private equity fund.
May 25th, 2014 - 10:08 GMT

A role bigger than itself? Qatar seeking to hold hands with China and replace EU, US investments in Russia


Saudi Energy 2014 will serve as an ideal platform for energy professionals, government officials, investors and both local and regional buyers.
May 25th, 2014 - 02:55 GMT

Saudi Energy 2014 kicks off at critical time

The 600 million barrel figure is the government’s estimate of how much oil drillers can get out of the earth with existing technology and at current prices.
May 25th, 2014 - 02:55 GMT

Is the US facing massive setbacks? The shale revolution has apparently 'just begun'

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