BRAZIL SEEKS INVESTMENT
According to REUTERS, Brazil's lower chamber of Congress approved the main points of a bill on Wednesday removing a requirement that state-led oil company Petrobras be the sole operator of vast offshore oil reserves in the costly subsalt layer with a minimum 30 percent stake in their development.
The bill, which could be amended in the future, is aimed at boosting private investment in Brazil's oil industry, though Petrobras retains the first option to develop promising fields.
The legislation has already been approved by the Senate and passed the lower house 292-101.
Brazil hopes the rules changes will attract foreign oil companies with resources that the scandal-plagued, debt-ridden Petroleo Brasileiro does not have.
The bill, which overturns parts of a 2010 law seeking to increase government control of new offshore oil and gas resources, is part of President Michel Temer's strategy to revive Brazil's economy by reducing state intervention and encouraging private entrepreneurs to take up the slack.
Temer, who replaced leftist Dilma Rousseff after she was impeached in August for breaking fiscal rules, has promised to adopt more business-friendly policies to pull the economy out of its worst recession since the 1930s.
His government last month unveiled a new concession program to increase private participation in airports, roads and ports as well as in the oil and gas sectors.
The 2010 production-sharing law was criticized for limiting foreign investment in the so-called Subsalt Polygon, a region off Brazil's coast near Rio de Janeiro where large oil deposits lie far beneath the seabed under a layer of mineral salt.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.