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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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Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported.
December 9th, 2013 - 03:55 GMT

Desperate for an economic makeover, Egypt signs historic oil exploration deals with foreign firms

Lebanon plans to convert the LNG into natural gas (Shutterstock)
December 8th, 2013 - 11:56 GMT

Lebanon looks forward to liquefied natural gas to cut country's growing energy costs

Iranian Oil Minister Bijan Zanganeh named the seven in order: Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and US companies Exxon Mobil and ConocoPhillips .
December 8th, 2013 - 03:55 GMT

Candid wishlist: Iran is not so subtle when it comes to the oil clients it wants back

Energy ministers from Opec countries agreed yesterday to keep the group’s target for crude output unchanged at 30mn bpd.
December 5th, 2013 - 02:56 GMT

Nothing exciting about the new oil production rate set by OPEC

UAE wants 1% of its total energy production to come from solar power by 2020 (Courtesy of the Arabian Gazette)
December 5th, 2013 - 12:49 GMT

As Dubai powers up for 2020 World Expo, energy consumption expected to increase 20%

Al Bawaba
December 5th, 2013 - 03:55 GMT

Mission (im)possible? Libya aiming to restore oil output in two weeks

EXPO 2020 represents an opportunity to set environmental standards for events and indeed entire cities. (Image credit: Shutterstock)
December 4th, 2013 - 01:12 GMT

How Dubai Expo 2020 can benefit our planet and future generations

Iran's Oil Minister Bijan Zanganeh said that Tehran has "no technical difficulties to expand our exports and to return to four millions barrels a day" once political obstacles, referring to sanctions, are lifted (Courtesy of Press TV)
December 4th, 2013 - 06:59 GMT

Iran gears up for OPEC meeting, says Tehran to "immediately" increase exports

Previously, Iran has dealt with foreign companies through “buybacks”. According to sources, the meetings in London will allow Iran to present the findings of a review of these contractual terms.
December 3rd, 2013 - 10:53 GMT

European oil giants ready for business with Iran

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
December 3rd, 2013 - 06:20 GMT

Emarat Service Stations celebrate the 42nd UAE National Day

NBK cautioned that over the next year or so, the trade balance could shrink a little: oil markets could loosen, putting downward pressure on prices or encouraging OPEC
December 3rd, 2013 - 03:55 GMT

Kuwait's trade surplus makes a jump from 6 to 21 billions dollars

The Iranian administration has set oil price to $100 per barrel in the next year’s national budget bill, IRNA quoted Iranian MP Ja’far Qaderi as saying on Sunday.
December 2nd, 2013 - 02:22 GMT

Iran puts new winning price on its oil barrels

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