US, Saudi Arabia sign nuclear cooperation agreement
The United States and Saudi Arabia have signed a long-term civil nuclear cooperation agreement aimed at supporting the Kingdom's peaceful nuclear energy program and expanding the role of American companies in its nuclear sector.
The agreement was signed on July 22 by US Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud, the US Department of Energy announced.
Under the deal, the two countries will cooperate on the development of Saudi Arabia's civilian nuclear program. The agreement has been submitted to the US Congress for review and is designed to remain in force for several decades.
The US Department of Energy said the framework is intended to create significant opportunities for American companies to participate in the development of Saudi Arabia's nuclear energy infrastructure while maintaining strict safeguards.
Secretary Wright said the agreement meets "the highest standards" for nuclear safety and nuclear non-proliferation.
Earlier reports by The Wall Street Journal, citing sources familiar with the matter, said the proposed 30-year agreement could involve investments worth tens of billions of dollars, with US firms expected to play a central role in building Saudi Arabia's nuclear infrastructure.
The report added that one of the most significant provisions would allow the construction of a uranium enrichment facility in Saudi Arabia if both governments determine that such a step is justified in the future.(ILKHA)
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