This appears to be a straightforward swap, one state of the art French nuclear power plant for access to Jordan’s uranium deposits. Jordan’s uranium reserves are estimated to stand at approximately 180,000 tons, according to government sources, which is a significant amount.

The uranium would be mined to pay for the reactor with any surplus revenues going to the Jordanian treasury. According to MENAFN, the Kuwait News Agency KUNA The International Atomic Energy Agency (IAEA) is supportive of Jordan’s plans to rely on nuclear technology for peaceful purposes.

Similar remarks were carried in an article by the Al-Arab Al-Yawm paper on Sunday where the source is said to have indicated “the deal came after talks with two companies, a British and a French company, and the details of the deal signed with the French company would be announced at a later time.”

So it would appear to be a win-win situation for both parties, we have to applaud France for being proactive and getting out there and securing this deal. They get another supply of uranium in return for a nuclear power plant, thus increasing their credibility in the region.

Have a good one.

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