article thumbnail

Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters. The kingdom has established its own EV brand Ceer, and built an EV metals plant.

article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer.

Oil 150
article thumbnail

Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Production in the UAE costs just over $12 per barrel, which is pretty much the same as in Iran, though Iranian officials say they will eventually be able to produce for as low as $1 per barrel from their central fields. But these are just the costs of lifting oil out of the ground. That’s just one opinion, but it’s a poignant one.

article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

Russia 150
article thumbnail

Building a Zero Trust Security Model for Autonomous Systems

Cars That Think

This sponsored article is brought to you by Technology Innovation Institute. Just last year, a half dozen precisely targeted malicious drones managed to slow oil production in Saudi Arabia for days, and more recently, several low-cost drones caused significant damage to oil tankers in the UAE. hyperautomation.

Building 126