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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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Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.
April 17th, 2014 - 09:53 GMT

Historic irony? Iran to splash $20 billion on joint oil fields with Iraq

Al Bawaba
April 17th, 2014 - 08:23 GMT

Masdar Institute’s iMicro to Host Global and Local Industry Leaders Meet on 22 April

If realised, this would not only revive output at Idku but also mean that Israel's first LNG exports would take place from an Egyptian plant.
April 16th, 2014 - 10:02 GMT

Will passing gas ease Israel's tensions with Egypt and Turkey?

Al Bawaba
April 16th, 2014 - 12:03 GMT

ADNOC Distribution Awards Winners of Internal HSE Initiatives for 2013

Al Bawaba
April 16th, 2014 - 06:47 GMT

Omanoil Offers Business Opportunities for SMEs to Operate Car Care Centers

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
April 16th, 2014 - 02:04 GMT

After $14 billion down the drain, Libyan oil is back on the market

Al Bawaba
April 15th, 2014 - 01:00 GMT

Turn off the lights: Egypt prepares for 25 percent fuel hike this summer

Al Bawaba
April 15th, 2014 - 11:35 GMT

ENOC Retail Offers over 60 Lucky Customers at ZOOM Stores on Dubai Metro Network Free Travel for a Year

Current desalination techniques are typically very energy intensive: energy consumption can account for up to 70 per cent of the desalination costs
April 15th, 2014 - 11:26 GMT

GE and Saudi Aramco Launch Global Innovation Challenge to Find Renewable Energy Solutions

Al Bawaba
April 15th, 2014 - 10:14 GMT

Oil giant BP announces $3 billion project in Oman

Oil prices received an additional boost following delays in resuming oil exports from Libya.
April 15th, 2014 - 02:55 GMT

Crude oil climbs to 5-week highs amidst intensified Ukraine, Libya crisis

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
April 14th, 2014 - 05:45 GMT

Moving forward? Not with diversification at least, Kuwait signs $12 billion worth of oil contracts, tenders others

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