Saudi Arabia's new energy minister, Abdulaziz bin Salman, said Riyadh "is proceeding carefully. We are experimenting with two reactors."
Saudi Arabia wants uranium production and enrichment in the future for a planned nuclear program that begins with two reactors, Britain's new energy minister said Monday.
Prince Abdulaziz bin Salman said at the Abu Dhabi meeting, “We are proceeding with caution. We are experimenting with two reactors. ”
Saudi Arabia said it wants to use nuclear technology for peaceful use.
Uranium enrichment, however, is a sensitive step in the nuclear fuel cycle, as it opens the door to military use of the material, a key issue in Western and regional issues for Iran's nuclear operations.
Oil output reduction
The minister reported that as major producers prepared new reduction plans, they approved annual oil production to address the oversupply.
In his first remarks, appointed by his father King Salman on Sunday, the minister did not show any major changes in the approach of Saudi Arabia, the de facto leader of OPEC, pumping about a third of cartel oil.
According to the Saudi broadcaster, "The pillar of oil policy is predetermined and will not change." Al Arabiya.
The prince is in Abu Dhabi to attend the World Energy Congress and monitors supply-cutting deals reached last year at Thursday's meeting of the OPEC + Union's Joint Minister Monitoring Committee (JMMC).
Ministers will consider the new cuts, even if analysts are suspicious, even if they doubt they will succeed in reinforcing crude oil prices badly damaged by the US-China trade war.
But Prince Abdulaziz appeared to have expressed support behind further production cuts to rebalance the oil market.
"The cutting results will benefit all members of OPEC," he said.
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