Rick Perry planning nuclear energy talks with Saudi Arabia: report
Thursday, March 1, 2018 at 9:56PM
Uranium Stocks

Energy Secretary Rick Perry will head to London to meet with officials from Saudi Arabia on Friday as the Trump administration considers a nuclear energy deal with the nation, Bloomberg News reports.

Perry scrapped plans to visit India this week in order to hold meetings at the White House and lead Friday's delegation to the London meetings, according to the news outlet. The administration is reportedly considering a deal that would allow Saudi Arabia to enrich and reprocess uranium while setting up American companies including Westinghouse Electric Co. to build nuclear reactors in the Middle East.

Perry's meeting with Saudi Arabian Minister of Energy and Industry Khalid Bin Abdulaziz Al-Falih is seen as a crucial stage in the negotiations, which have reportedly been ongoing for months.

Saudi Arabia plans to build 16 nuclear reactors over the next 20 to 25 years, according to the report. The Trump administration is reportedly considering whether to ease restrictions on the sharing of nuclear technology in order to help U.S. companies compete for bids to build those reactors.

more.....

Interesting that an oil producing nation wants nuclear power - maybe there is more to come, but when remains the question...

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