Saudi Arabia’s foreign minister called on the U.S. to give it the same rights as other nuclear nations in its push to process its own nuclear fuel, revealing that it’s currently in talks with 10 other countries should America refuse. Saudi Arabia plans to construct 16 nuclear power reactors over the next 20 to 25 years at a cost of more than $80 billion. It has invited U.S. firms to take part in the program but acceptance from Washington requires a country to sign a peaceful nuclear cooperation pact. Known as a 123 agreement, it separates civil and military nuclear facilities and aims to block the steps from nuclear fuel production to potential bomb-making applications. Countries like India have already signed up to such agreements with the U.S. Riyadh has previously stated that wants to tap its own uranium resources for “self-sufficiency in producing nuclear fuel,” according to Reuters, and is not interested in diverting nuclear technology to military use. Its regional rival Iran is already one step ahead and is allowed to enrich uranium.
CNBC 18th Feb 2018 read more »