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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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Al Bawaba
May 22nd, 2014 - 09:06 GMT

ENOC Lubricants Marketing holds 6th Business Meet in Uganda

Estimation of the uranium resources in the central region are expected to increase as more exploration is carried out by JUMCO in the 350sq.km area.
May 22nd, 2014 - 02:29 GMT

Mining its own business: Jordan to build $140 million uranium plant

According to the Central Bank of Egypt, tourism is ranked second in terms of most important sources of income for Egypt after remittances from Egyptians abroa
May 22nd, 2014 - 01:17 GMT

Upcoming five-fold increase in diesel fuel prices results in smartcard provision for transport, hotel companies in Egypt

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.
May 21st, 2014 - 02:55 GMT

Kuwait's finance minister says budget deficit is inevitable

Al Bawaba
May 21st, 2014 - 01:32 GMT

Thanks to South Korea, the UAE gets closer to realizing its nuclear ambitions

Al Bawaba
May 20th, 2014 - 07:36 GMT

ENOC expands ‘Human Fuel’ charity initiative across entire service station network

Mahendran pointed out that the growth witnessed in the Kingdom was reflective of the robust growth across the GCC region
May 20th, 2014 - 02:55 GMT

An inside look into how the non-oil sector is fuelling growth in Saudi Arabia

Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.
May 19th, 2014 - 02:55 GMT

What's in it for who? Swedish and Russian firms to help Iran dig for oil in the Caspian sea

By the end of the current fiscal year the amount spent on subsidies will reach approximately EGP 135bn ($19 billion).
May 18th, 2014 - 11:53 GMT

Egypt puts a price tag on this year's energy subsidies

The project will bring on stream 26 wells from four fields in the Reggane basin, the company said.
May 18th, 2014 - 11:31 GMT

The hidden oil giant: British Petrofac awarded $970 million oil contract in Algeria

"We hope before May [ends] matters will have been cleared and we will have entered the programme," Alwageh said noting that the IMF board was expected to meet in July to finalise the deal.
May 18th, 2014 - 11:23 GMT

Are subsidies the culprit? Why Yemen is desperate, God forbid, to strike a deal with the IMF

Al Bawaba
May 18th, 2014 - 08:57 GMT

Oman oil company joins outward bound Oman team to coach young talent on real life experiences

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