Saudi Arabia wants to enrich uranium for its nuclear power program, its energy m...
ABU DHABI - Saudi Arabia wants to enrich uranium for its nuclear power program, its energy minister said on Monday, potentially complicating talks with Washington on an atomic pact and the role of U.S. companies.
The world’s top oil exporter says it wants to use nuclear power to diversify its energy mix, but enrichment also opens up the possibility of military uses of uranium. The tender is expected in 2020, with U.S., Russian, South Korean, Chinese and French firms involved in preliminary talks about the multi-billion-dollar project.
In order for U.S. companies to compete for Saudi Arabia’s project, Riyadh would normally need to sign an accord on the peaceful use of nuclear technology with Washington. “We would like to see a 123 agreement accompany any agreement to transfer U.S. technology or use U.S. technology in Saudi or any other place,” he added.
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