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

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There are also significant reserves in Jordan, Morocco, Sweden, Syria and Turkey. Eesti Energia’s subsidiary Enefit is developing two parallel oil shale projects in Jordan, where it acquired the exclusive right to develop, design, finance, construct and operate a 500 megawatt oil shale-fueled power station.

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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.