Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, June 24, 2015

Russia, Saudi Arabia Sign Accord On Nuclear Power Cooperation

Russia, Saudi Arabia Sign Accord On Nuclear Power Cooperation

Russia and Saudi Arabia have announced an agreement that allows for cooperation in the use of nuclear energy for producing electricity in the country that is famous for its oil exports capacity.

In yet another signal that the Middle East is concerned about the longevity of its oil export business and is growing as a nuclear power market, the two countries signed the agreements in Russia at the St. Petersburg International Economic Forum that allow for construction of nuclear power reactors, which would be a first for Saudi Arabia, and for various supportive endeavors, such as transportation and use of nuclear fuel, handling of radioactive waste, production of radioisotopes and nuclear energy applications in medicine, industry and agriculture.Read More>>>>http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2015/06/24/russia_2c00_-saudi-arabia-sign-accord-on-nuclear-power-cooperation-062402.aspx#.VYrfi0blxbJ

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