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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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Oil Minister Bijan Zanganeh ordered a "widespread review" of the oil contract process shortly after he took office in August in an effort to revive investment in Iran's oil sector (Courtesy of Press TV)
October 30th, 2013 - 07:11 GMT

Iran to produce new oil contract framework for foreign investors

“The Kingdom is the largest producer of oil, while China is the second largest country in the world, which has a great energy demand,” Al-Suwaiyel said.
October 29th, 2013 - 12:10 GMT

Saudi Arabia to seek China's expertise on oil refining

The loss of Egyptian gas supplies, which used to account for over 80 per cent of Jordan’s electricity generation needs, has driven generation costs to over 187 fils per kilowatt hour (kw/h).
October 29th, 2013 - 10:56 GMT

No wonder it's going nuclear: Jordan says Egypt's gas disruptions to cost it over $2 billion

“This is a licensed technology that has a proven safety record in several European countries and elsewhere, which was important in our decision,” Toukan said.
October 29th, 2013 - 08:43 GMT

It's official: Jordan set on building it's first nuclear plant and Russia is going to build it

Whilst oil demand has increased significantly over the past four decades, accessible reserves are actually increasing every year thanks to increased explorations for both conventional and unconventional oil and improved technology such as horizontal drilling
October 28th, 2013 - 07:13 GMT

Will the world run out of oil?

Al Bawaba
October 28th, 2013 - 05:03 GMT

Omanoil pioneers industry with launch of own brand of lubricants

The London-based bank can help increase Jordanian businesses’ use of renewable energy.Describing the Kingdom as a role model for social and economic reform in the region, Harmgart added that Jordan can become a leader in terms of innovation and economic transition.
October 27th, 2013 - 09:20 GMT

Grand plans: The European Bank of Reconstruction and Development opens permanent office in Jordan

Al Bawaba
October 23rd, 2013 - 11:55 GMT

Delegation from the DEWA visits South Africa to strengthen cooperation

Algeria plays a critical role in the international oil and gas market. It is the third largest natural gas producer in the Arab world after Qatar and Saudi Arabia, the leading gas exporter in Africa and an energy supplier to France, Spain, Italy, Turkey, US and China.
October 22nd, 2013 - 08:39 GMT

Algeria: the Arab World's often forgotten massive oil giant

Oil-rich Arab states Saudi Arabia and the United Arab Emirates are keen on delivering petroleum products to the Egyptian government as scheduled.
October 21st, 2013 - 10:47 GMT

No fuel, no problem: Egypt's covered

The contract is estimated to be in the range of 100 to 250 million euros. ($136 to $342 million), said a statement from the company.
October 21st, 2013 - 07:16 GMT

Parisian Technip wins over Qatar Petroleum

DEWA stand at GITEX 2013
October 21st, 2013 - 04:32 GMT

DEWA showcases latest Smart Services at GITEX 2013

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