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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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It is truly a pity that civil wars, terrorism and hostility among regional powers prevents the optimal exploitation of the eastern Mediterranean’s natural gas treasure, which has the potential to transform  the economic future of Cyprus, Turkey and the Levant.
January 8th, 2014 - 12:54 GMT

The impending dispute between Cyprus and the Levant over offshore gas

A Syrian refugee in Jordan's Zaatari camp retrieves water. Jordan is one of the most water-scarce countries on earth (File Archive/AFP)
January 8th, 2014 - 09:42 GMT

Thirsty? This Kingdom needs $750 million to quench its water gap

During the event
January 8th, 2014 - 09:37 GMT

DEWA organises annual partners’ appreciation Ceremony

 In a message to members of the Organization of Petroleum Exporting Countries (OPEC), Zanganeh also said that unconventional oil production from shale reserves by non-OPEC countries will not be a threat to OPEC.
January 7th, 2014 - 03:55 GMT

Desperate for a comeback, Iran's oil minster sends a loud and clear message to OPEC's giants

During the event
January 6th, 2014 - 10:50 GMT

DEWA staff convey messages of loyalty to HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE

The crisis has seen output plunge to about 250,000 bpd from nearly 1.5 million bpd before.
January 5th, 2014 - 05:24 GMT

A glimpse of hope? Libya to resume limited oil production

Average daily volume
January 5th, 2014 - 10:36 GMT

DME delivers best ever performance with a record 36 % increase in 2013 trading volumes

ENOC Retail opens ZOOM Market
January 5th, 2014 - 05:26 GMT

ENOC Retail opens ZOOM Market stores in Dubai Shopping Centre and Bab Al Bahr in Ras Al Khaimah

Oman’s Ministry of Information said on its website  that the Sultanate is considering reducing energy subsidies
January 2nd, 2014 - 03:55 GMT

Should the GCC's new year's resolution be throwing energy subsidies out the window?

Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013.
December 31st, 2013 - 06:48 GMT

An upcoming trend or an exception? Only 2014 will tell. Saudi Arabia's oil exports hit $50 billion in 2013

Delegation in front of one of the Convenience Stores
December 31st, 2013 - 08:29 GMT

Emarat shares its leading retail experience with a delegation from Indonesian

The Obama administration heightened Oman’s role as an intermediary in late 2011, in part because of the help it provided in bringing home the American hikers, said senior US officials.
December 31st, 2013 - 03:55 GMT

Revealed: Oman's secret intermediary role in the Iranian nuclear deal and why it's working really hard to sell it

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