VKG Wins Largest Oil Shale Mine in Estonia
Viru Keemia Grupp (VKG) will be the main oil shale company in Estonia by 2025. VKG’s production is rising even as overall oil shale mining goes down. This change affects Estonia’s energy industry.
Eesti Energia, the government-owned energy company, sold the Uus-Kiviõli field to VKG. This sale gives VKG a supply of oil shale for thirty years. VKG plans to build a new oil shale mine. The goal is to make VKG’s operations better. This transfer is a key part of Estonia’s energy strategy.
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Highlights
VKG to Lead Mining
VKG will be the biggest oil shale miner in Estonia by 2025.
Eesti Energia Sells Field
Eesti Energia sold the Uus-Kiviõli field to VKG.
30-Year Supply Secured
VKG will have oil shale for 30 years.
Mine Expansion Supported
The sale supports VKG’s plans for a new mine.
Efficiency Improvement Aimed
The transfer is meant to make VKG work better.