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China marketing nuclear reactors to Saudi Arabia

Buy-China-nukes-1China nuclear developer, Saudi’s Falih meet on nuclear cooperation By Reuters | Aug 30, 2016,BEIJING: China’s leading state nuclear project developer China National Nuclear Corp (CNNC) said it met on Monday with Saudi energy minister Khalid Al-Falih to discuss cooperation in the nuclear power sector.

Beijing is embarking on an ambitious plan to export its locally developed nuclear technology as well as its equipment manufacturing capacity, potentially worth billions of dollars.

CNNC chairman Sun Qin told Al-Falih that China is ready to cooperate fully with Saudi Arabia over nuclear power, according to a short statement posted on the CNNC website late on Monday.

The statement said the Saudi energy ministry welcomed CNNC in expanding its business in the kingdom, including research and development of nuclear technology, uranium mining and the building of nuclear power stations, but gave no further details.  The two countries signed a memorandum of understanding on training nuclear personnel, the statement said. http://economictimes.indiatimes.com/articleshow/53924844.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

August 31, 2016 - Posted by | China, marketing, Saudi Arabia

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