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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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The recently launched ENEFIT280 technology of the state-owned company Eesti Energia highlights Estonia’s achievements in reducing emissions and increasing efficiency for the oil shale industry, the IEA article says. There are also significant reserves in Jordan, Morocco, Sweden, Syria and Turkey.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. They are reducing the share of long-term contracts in favor of spot purchases. Asian customers are taking advantage of the competition.