Acquiring potable water resources and maximizing the value of oil and gas resources are the two most salient reasons for the push toward nuclear power generation in the Middle East.
The Motley Fool(Editorial) reports uranium is named the must-have commodity for 2011.
Titan Uranium(CVE:TUE) reports that the Summer 2010 drilling program is now underway on the Border Block project. The Border Block project is the subject of a Letter of Agreement between Titan and Japan Oil, Gas and Metals National Corporation (JOGMEC) wherein JOGMEC can earn a 50% undivided interest in the project by funding Cdn $6 million [...]
Proactive Investors report on the uranium markets and its analysis of uranium prospects. Turning to the uranium market, BA Merrill Lynch suggests the combination of ample supply, aggressive sales from new market entrants and well-covered utility requirements means there is little chance of any spot market tension (upside) this year without any major disruption to production. [...]
Forbes.com reports the hunt is on for uranium. The statistic is often given that there is about 40 years worth of of uranium left, and this is the duration therefore of the provision of nuclear power. In fact, there is much more uranium around than that, and the use of thorium and “waste” transuranics would [...]
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. [...]
Oil Voice(editorial) reports IAEA voted to censure Iran over its uranium enrichment programme back on Nov 27th. In turn, the IAEA’s vote prompted the US, which has long been pushing for the imposition of sanctions against the Ahmadinejad regime, to restate its end-of-year deadline for Iran to respond to international demands to halt enrichment and allow more [...]
The Australian reports uranium & oil will ride a new high in the world markets. The bank also says uranium will benefit from Copenhagen. More nuclear plants will be built in the fight to reduce carbon emissions (except in Australia, of course). The details of this were spelled out in the online updates to Pure [...]
ABS-CBN News reports The Philippines to consider nuclear power as part of their future energy mix. According to Swiss nuclear energy expert Dr. Ian McKinley, the growing demand for limited energy sources such as coal and oil will only lead to more price increases, causing consumers to suffer more. Given this, he urged the government [...]
Middle East Online reports French government may allow Gulf states’ wealth funds to take minority stakes in Areva, the nuclear giant. The report quoted people close to the matter as saying exploratory talks have been held on offering stakes of one to five percent to the funds — state agencies that manage billions of dollars in oil [...]
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