FINANCIAL NEWS

Kuwait signs nuclear deal with Russia

21 Sep 2010

(MENAFN) Kuwait and Russia have signed a memorandum of cooperation (MoU) for peaceful use of nuclear energy generation in the Kuwait, state news agency Kuna reported.

According to a statement from the government, the five-year agreement follows similar deals with Japan and France.

Gulf states including Kuwait fear that Iran’s nuclear energy program could lead to the country becoming a nuclear weapons state and dominant power in the region.

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.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.