UAE to sell nuclear power, free more oil to export

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Tue, Dec 29, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Reuters reports United Arab Emirates to export more of its oil and sell nuclear power.

The prospect of starting electricity exports within the next decade is a key element behind the UAE’s award to a South Korean consortium on Sunday of the deal to build and operate four reactors in the third largest oil exporter.

Vincent Nkong-Njock, nuclear power engineer, IAEA says:

“As part of the UAE’s strategy the nuclear power plants will not only supply power domestically, but they are also planning to export electricity to countries close by in the region.”

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