• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 4 hours Satellite Moons to Replace Streetlamps?!
  • 23 hours US top CEO's are spending their own money on the midterm elections
  • 2 hours EU to Splash Billions on Battery Factories
  • 2 hours U.S. Shale Oil Debt: Deep the Denial
  • 10 hours The Balkans Are Coming Apart at the Seams Again
  • 1 day OPEC Is Struggling To Deliver On Increased Output Pledge
  • 2 hours Owning stocks long-term low risk?
  • 10 hours The Dirt on Clean Electric Cars
  • 21 hours Uber IPO Proposals Value Company at $120 Billion
  • 11 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 23 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day 10 Incredible Facts about U.S. LNG
  • 1 day U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Hedge Funds Continue To Reduce Bullish Bets On Oil

Hedge Funds Continue To Reduce Bullish Bets On Oil

Money managers and hedge funds…

U.S. Shale’s Glory Days Are Numbered

U.S. Shale’s Glory Days Are Numbered

That decline rates in U.S.…

Belarus Forges Ahead With Nuclear Power Program

Belarus has announced that it is seeking foreign tenders to construct two nuclear power plants within the next decade in a contract worth $9 billion.

Belarusian Ambassador-Designate to South Korea Natallia I. Zhylevich told journalists, "These reactors will give us 25 percent of what we need by the time they are completed. Twenty-five percent is good but it's not enough, plus we are right in the center of Europe, all the countries around us need electricity. Today, people understand that without nuclear power plants we will not be able to develop. We are a developing economy and we need energy and we don't need pollution or gas or oil, we need something that is cleaner," Seoul’s The Korea Herald reported.

Convincing the Belrusian public that the country’s future lies in nuclear power may take some effort on the part of the government however, as severe fallout from the April 1986 Chernobyl nuclear disaster in neighboring Ukraine blanketed the country. According to official post-Soviet data, about 60 percent of Chernobyl’s fallout landed in Belarus and in the past 25 years Belarus has spent $32 billion in coping with the resultant radioactivity and is set to spend more in the future.

By. Charles Kennedy, Deputy Editor OilPrice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News