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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 Uzbekistan started forming a banking consortium to finance the plant construction in September 2013.

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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

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Going from nearly 2 million barrels per day annual growth in 2018, an all-time global record, to essentially no growth by 2021 makes it pretty clear that this is a new era of moderation for shale producers. The combination of closed capital markets and weak prices are pulling cash out of the system. —Raoul LeBlanc.

Oil 170
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Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

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This new battery technology and other upgrades give them the range, power and features at the price they need to scale up their electric fleets. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.

Batteries 448
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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. Reduce the cost of plug-in vehicle battery technology to $300/kWh by 2015 and $125/kWh by 2022.

2014 225
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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

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We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.

BMW 291
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Russia 150
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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

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Demand growth to date has seen the lithium price more than doubled in the past few years. Lithium brine operations typically have a much lower cost of production than hard-rock lithium deposits. The cash operating cost of approximately US$3,500/t positions the Company as being one of the lowest cost lithium producers globally.

Toyota 207