Eesti Energia expects to start building Jordan power plant soonEconomy
- Editorial: the historical climate accord messageOpinionThe agreement is born. Though worn out, the expression «historical achievement» is surely the phrase to be used regarding the document signed in France by 196 nations. After the various failures, French diplomatic skills have yielded a globally binding agreement aimed at mitigating climate change impact via CO2 curbs.
- VKG headed towards hefty yearly lossEconomySince spring no longer CEO of Estonian Railways due to private use of company fuel card, Ahti Asmann sits at helm of a leading private-capital-based chemical industry enterprise Viru Keemia Grupp (VKG). Kütusehindade madalseisu tõttu esimest korda kahjumisse langenud Ida-Virumaa suurimaid tööandjaid kavatseb siiski lähiajal kõik olulised töökohad säilitada, sest kokkuhoiu nimel tehtav vallandamine tooks kaasa ettevõtte sulgemise. Eesti Raudtee asjadest ei soovinud Asmann rääkida.
- Editorial: brown gold, wrapped in paperOpinionIn Estonia, involvement tends to be in words only. With decisions, experts, scientists, entrepreneurs and real-lifers tend to be ignored. While with some softer domains the mistakes may merely cause the temporary media noise and public nagging, in some matters the errors may be fatal and the price to be paid severe. The latter surely involves issues of oil shale mining.
- Eesti Energia plans petrol production from oil shale gas International device design tenders expectedEconomy
- Editorial: dagger at oil industry throatOpinionYesterday, we saw crude hitting record lows again, the Brent benchmark doing a below $52 plunge. Top to bottom, this makes for roughly half price oil. The impact reaches farther than Russia’s budget or employment at Norwegian rigs. While, broadly speaking, the cheaper fuels are a blessing for Estonian and European economies, Ida-Viru County oil industry and oil shale mining face prompt problems.
- Shale oil producer VKG to slash hundreds of jobs, cut wagesEconomyViru Keemia Grupp (VKG), which said at the beginning of December it must scrap up to 200 jobs as a result of falling global oil prices and the high price it must pay Eesti Energia for oil shale, has now announced that the number of redundancies will be bigger and also the pay of some employees will be cut, the regional newspaper Pohjarannik said.