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Message: Saudi Arabia - Uranium

"Saudi Arabia looks to nuclear to save oil for export. Saudi Arabia said it is in talks with 10 countries on the possibility of building nuclear reactors in the kingdom, and Saudi officials are eying plans for 16 reactors over 20 to 25 years at a cost of more than $80 billion. The idea would be to free up oil that is currently burned for electricity, allowing for more crude exports. However, the move would raise nonproliferation concerns and some U.S. officials have reservations about allowing Saudi Arabia to enrich uranium." -https://oilprice.com/Alternative-Energy/Nuclear-Power/Saudis-Advance-Nuclear-Power-Plans.html

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Feb 21, 2018 03:51PM
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