Saudi Arabia is fast-tracking an atomic energy programme to reduce its dependence on oil, but concerns over nuclear proliferation in the Middle East could put a damper on its ambitious plans.
The atomic policy, which limits nuclear activities to peaceful purposes, was approved by the cabinet on Tuesday just days before powerful Crown Prince Mohammed bin Salman visits Washington.
Saudi Arabia, the world’s largest exporter of oil, has framed its nuclear project as driven purely by economics.
The kingdom is struggling to meet fast-rising energy demand and crude prices remain far below their peaks reached before the 2014 market crash.
Saudi Energy Minister Khaled al-Faleh said in October that the nuclear programme would start by building two reactors, each producing between 1.2 and 1.6 gigawatts of electricity. Read More
Latest posts by India (see all)
- Delhi Metro’s Mundka-Bahadurgarh Corridor Inauguration: All You Need to Know - June 23, 2018
- ICICI Bank CEO Chanda Kochhar’s Residence Now Under Income-Tax Department’s Lens - June 22, 2018
- Railways to Provide Food And Water to Passengers if Train Gets Delayed During Meal Time: Piyush Goyal - June 18, 2018