• 55 mins Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 2 hours TransCanada Boasts Long-Term Commitments For Keystone XL
  • 4 hours Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 11 hours Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 16 hours Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 20 hours Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 22 hours Venezuelan Output Drops To 28-Year Low In 2017
  • 24 hours OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 1 day Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 1 day Kinder Morgan Delays Trans Mountain Launch Again
  • 1 day Shell Inks Another Solar Deal
  • 2 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 2 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 2 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 2 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 2 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 2 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 2 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 2 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 2 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 3 days Norway Grants Record 75 New Offshore Exploration Leases
  • 3 days China’s Growing Appetite For Renewables
  • 3 days Chevron To Resume Drilling In Kurdistan
  • 3 days India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round
  • 3 days India’s Reliance Boosts Export Refinery Capacity By 30%
  • 3 days Nigeria Among Worst Performers In Electricity Supply
  • 3 days ELN Attacks Another Colombian Pipeline As Ceasefire Ceases
  • 4 days Shell Buys 43.8% Stake In Silicon Ranch Solar
  • 4 days Saudis To Award Nuclear Power Contracts In December
  • 4 days Shell Approves Its First North Sea Oil Project In Six Years
  • 4 days China Unlikely To Maintain Record Oil Product Exports
  • 4 days Australia Solar Power Additions Hit Record In 2017
  • 4 days Morocco Prepares $4.6B Gas Project Tender
  • 4 days Iranian Oil Tanker Sinks After Second Explosion
  • 7 days Russia To Discuss Possible Exit From OPEC Deal
  • 7 days Iranian Oil Tanker Drifts Into Japanese Waters As Fires Rage On
  • 7 days Kenya Cuts Share Of Oil Revenues To Local Communities
  • 7 days IEA: $65-70 Oil Could Cause Surge In U.S. Shale Production
  • 7 days Russia’s Lukoil May Sell 20% In Oil Trader Litasco
  • 7 days Falling Chinese Oil Imports Weigh On Prices
Iraq Is Troubling The Oil Majors

Iraq Is Troubling The Oil Majors

Oil majors are divided on…

This Country Produces 39% Of The World’s Uranium

Uranium

Uranium is in high demand, as it is used as fuel in nuclear power plants around the world. 

Statista's Dyfed Loesche notes that according to the German Institute for Geosciences and Natural Resources BGR, Kazakhstan is the biggest producer of the radioactive metal. The central Asian country produced around 24,600 metric tons of the substance in 2016. This is a share of close to 40 percent of the worldwide production.

(Click to enlarge)

You will find more statistics at Statista

Australia comes in at third place with 6,300 metric tons. However, in terms of total resources, Australia has the most. Approximately 1.1 million tons are slumbering in its earths, not all of which can currently be excavated at reasonable costs.

Around the world there are known resources of some 3.5 million tons, so there is no foreseeable shortage.

The United States is still the biggest consumer of uranium, consuming 18,200 metric tons in 2016 compared to 5,300 tons in China.

However, China's need for uranium is likely to increase in the future, as of the 61 reactors that are being built in 15 countries worldwide, 21 are located in the People's Republic. In Namibia, in southeast Africa, the Chinese run Husab pit began production in 2016, and could potentially become the world's single biggest uranium production facilities.

By Zerohedge

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • David on December 19 2017 said:
    This same Kazakhstan is also the the country that caused overglut of uranium this past 6 years. They not only hurt the oversupply issue but hurt there own business with these prices going to iPo this summer. They only cut 20 percent which will not touch the oversupply. They should have cut 50 percent. They have sold there precious resources for dirt cheap .

Leave a comment

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