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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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Russia currently runs a current account surplus. There’s an enviable $90 billion in a reserve account.
February 16th, 2014 - 09:35 GMT

The uncanny resemblance: why the outlook for Russia and GCC oil states is starting to look shockingly similar

Al Bawaba
February 16th, 2014 - 08:55 GMT

Egyptian government approves oil, gas agreements worth $265m

Al Bawaba
February 16th, 2014 - 05:53 GMT

ENOC hosts international student delegations on educational visits to Dubai

The four Asian buyers together cut oil imports from Iran by 15 percent on the year to an average of 935,862 bpd in 2013, government and industry data showed.
February 16th, 2014 - 03:55 GMT

Going against the tide? South Korea imports from Iran fall by over 50%

Al Bawaba
February 13th, 2014 - 03:00 GMT

Moscow's second largest oil producer wants to invest in this MENA economy

Al Bawaba
February 13th, 2014 - 07:55 GMT

Lebanese to rake in billions of liras from....oil?

The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries as part of the Gulf state’s economic development plan, which has faced delays partly due to political instability.
February 13th, 2014 - 03:55 GMT

Kuwait ready to splurge $12 billion on upgrading its refiniries

Al Bawaba
February 13th, 2014 - 03:55 GMT

At least no one's going to starve this time around: the impending Iranian/Russian oil-for-cars program

By 2020, four nuclear plants will be generating up to a quarter of the nation’s electricity supply.
February 12th, 2014 - 05:33 GMT

All set for 2020, UAE gets approvals on additional nuclear plants

OPEC’s report comes a day after the U.S. government’s Energy Information Administration raised its 2014 world oil demand growth forecast by a similar increment.
February 12th, 2014 - 05:12 GMT

Who will win and who will lose? OPEC raises 2014 oil demand forecast

Al Bawaba
February 12th, 2014 - 08:47 GMT

ENOC Aviation highlights safety standards for into-plane operations at Aviation Safety Culture Summit 2014

Al Bawaba
February 12th, 2014 - 08:44 GMT

Losing steam? Solving the ever-looming GCC energy crisis

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