Monday, April 19, 2010

Saudi Arabia announces nuclear centre

Saudi Arabia, the world's largest oil supplier, is set to establish a civilian nuclear and renewable energy centre.

The official Saudi press agency said on Saturday that the new centre, the King Abdullah City for Nuclear and Renewable Energy, would be based in Riyadh and would be led by Hashim Abdullah Yamani, a former commerce and trade minister.

The move positions the kingdom, the largest Arab economy, alongside Kuwait, Egypt, Qatar, and the United Arab Emirates, as Arab states seeking to develop nuclear energy for civilian use.

On Friday, France and Kuwait signed a civilian nuclear cooperation agreement, and Paris is negotiating a similar agreement with Saudi Arabia. In December, the UAE announced a deal with Korea Energy Company to develop four reactors.

FT

I thought O fixed the Nuclear problem last week, and got a big promises from everyone. "Peace in our time"

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