The Kingdom of Saudi Arabia is on the verge of striking a deal with the U.S. for the purchase of nuclear reactors despite concerns over its refusal to accept stringent restrictions against the proliferation of nuclear weapons, according to a report published in Wall Street Journal. The potential for lucrative deals is too good to be missed and the US President Donald Trump administration is thought to be mulling over loosening U.S. law to win Saudi contracts, worth billions.
The kingdom has refused to be bound by stringent U.S. regulations that restrict reprocessing and enriching uranium to produce nuclear weapons, Middle East Monitor reported. Although the Saudis have insisted that their program will be peaceful, they have also refused to rule out the right to enrich uranium to weapons grade.
While the world’s attention has focused on Iran’s nuclear ambitions, other players in the Middle East have been laying their own plans to develop nuclear power to meet future energy needs. Saudi Arabia, the most ambitious of the group, has announced plans to build 16 reactors over the next several decades, providing a projected 15 per cent of the country’s electricity possibly as early as 2032, according to a Saudi government website. The estimated cost of the program: more than $80.0 billion.
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