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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
April 23rd, 2014 - 12:11 GMT

Major oil company to continue funding growth in Oman

Al Bawaba
April 22nd, 2014 - 12:15 GMT

Saudi to hold waste management and recycling summit

Meanwhile, in March, Dimian described the energy subsidies system as “high and unreasonable”, adding that it would not continue “in the current form”
April 22nd, 2014 - 02:55 GMT

Here it comes: Egypt's energy subsidy reforms to take effect in July

“At the forefront of these projects came the multi-billion dollar clean fuel project, the new Al Zour refinery, the fifth natural gas plant and the construction of new liquefied natural gas import facilities,”
April 21st, 2014 - 09:38 GMT

Kuwait's KNPC to invest $35 billion in transforming the country's oil industry

Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 percent of its total energy requirement by that time
April 21st, 2014 - 07:53 GMT

A sign of rationality or desperation? Saudi Arabia is about to spend the equivalent of one fifth of its GDP to become world's largest solar energy producer

Saudi will produce 41 gigawatts of solar energy by 2032 (File Archive)
April 21st, 2014 - 01:00 GMT

Salutation to the sun: Saudi solar investment to provide third of country's energy

Al Bawaba
April 21st, 2014 - 07:30 GMT

Burning the candle at both ends: Iraq's pressing energy crisis

Egypt's government will allegedly make a "bigger push" to distribute smart cards for fuel to subsidize the price of gasoline for citizens (File Archive)
April 21st, 2014 - 07:02 GMT

Are you in the know? The details on Egypt's energy restructuring plan

 
By holding 157 billion barrels of recoverable crude oil reserves, Iran possesses the world’s fourth largest reserves of crude oil.
April 21st, 2014 - 02:55 GMT

No wonder someone's freaking out: Iran oil output hits 2.9 million bpd, projected to double

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)
April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

Along with the UAE, another Gulf country that is actively pursuing a nuclear programme is Saudi Arabia.
April 20th, 2014 - 02:55 GMT

Nuclear energy in the Middle East: a renewable menace?

Al Bawaba
April 20th, 2014 - 12:10 GMT

The not-so-smart approach: Libya to introduce smart card system to cut fuel subsidies

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