article thumbnail

Kazakhstan can meet India’s demands for rare-earths – ET Auto

Baua Electric

Kazakhstan has 15 rare earth deposits , strategically important components of electronics and clean energy technology, and eyes for closer cooperation with international partners in harnessing the ample opportunities for these deposits, according to Chairman of the National Geological Service Yerlan Galiyev. Representative image.

article thumbnail

EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

Green Car Congress

The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

article thumbnail

Russia to cut export duty on ultra-heavy oil to stimulate production

Green Car Congress

Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. The decision will mostly benefit Tatneft, LUKoil and Alliance Oil, according to the report. Natural bitumen is oil having a viscosity greater than 10,000 cP.

Russia 199
article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

Oil 247