Kuwait, Russia sign deal on nuclear energy generation

Kuwait and Russia have signed a memorandum of cooperation for peaceful use of nuclear energy generation in the Gulf Arab state.

Kuwait, Russia sign deal on nuclear energy generation

 

Kuwait and Russia have signed a memorandum of cooperation for peaceful use of nuclear energy generation in the Gulf Arab state, Kuwait's state news agency KUNA reported, following similar deals with Japan and France.

"The memo ... stipulated training cadres, exploration for metals, establishing a network of nuclear reactors in Kuwait and building a relevant infrastructure," KUNA reported late on Monday, citing Ahmad Bishara, the secretary general of Kuwait's National Nuclear Energy Committee.

It said the arrangements were for a five-year period.

Earlier this month, Kuwait, the world's fourth-largest oil exporter, said it had decided to build four nuclear reactors by 2022, each with a capacity of 1,000 megawatts.

The announcement came days after Kuwait and Japan signed a cooperation agreement to expand the nuclear capacity in the OPEC member. Kuwait also signed a nuclear cooperation agreement with France in April.

So far there is no indication of who might build the plants.

Kuwait is looking to boost oil output capacity to 4 million barrels a day (bpd) by 2020 and gas output to 4 billion cubic feet per day (cfd) by 2030.

It has relied on oil exports for more than 90 percent of state revenues. Current oil production capacity is 3.1 million bpd.

Reuters

Last Mod: 21 Eylül 2010, 11:59
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