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"A new clean energy economy is emerging - and emerging much faster than many realise," International Energy Agency (IEA) Executive Director Fatih Birol said at the launch of the agency's eighth World Energy Investment report.

Source: NEI Magazine
Date: Wednesday, 31 May 2023
Original article: neimagazine.com/news/newsiea-report-on-clean-energy-investments-says-little-about-nuclear-10897991

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.

New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.

On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.

Source: Nucnet
Date: Tuesday, 10 January 2023
Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023

The Wall Street Journal has claimed that Saudi Arabia has constructed a facility – with assistance from China – to extract uranium yellowcake from uranium ore, citing western officials with knowledge of the matter.

The US newspaper reported that the processing facility, which has not been publicly disclosed, is in Saudi Arabia’s northwest region and is raising concerns from US officials. It said the main concern is that as the kingdom moves ahead with developing a commercial nuclear programme, it is keeping the door open for the creation of nuclear weapons.

Press reports said the Saudi energy ministry has “categorically denied” that it has built a uranium ore facility in the area described by the western officials. However, the reports quoted Saudi officials as saying that the extraction of uranium is a key component of the kingdom's economic diversification strategy, which looks to move away from its dependence on oil exports.

The energy ministry confirmed Saudi Arabia has a contract with China on uranium exploration in certain areas.

Source: Nucnet
Date: Thursday, 06 August 2020
Original article: nucnet.org/news/saudi-arabia-press-report-claims-kingdom-has-built-uranium-processing-facility-8-3-2020

The US administration on 2 November announced the reimposition of all US sanctions on Iran that had been lifted under the July 2015 Joint Comprehensive Plan of Action (JCPOA). This is the second raft of penalties reimposed since President Donald Trump withdrew from JCPOA in May, and they cover Iran's shipping, financial and energy sectors. The sanctions that come into force on 5 November penalise countries that do not stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including the central bank, a number of private financial institutions and state-run port and shipping companies. Eight countries, identified by officials as US allies, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. Pompeo did not identify the countries to be granted the waivers. But according to numerous reports, these include India, South Korea, Turkey, Japan and Italy.

Source: NEI Magazine
Date: Monday, 05 November 2018
Original article: neimagazine.com/news/newsusa-ramps-up-sanctions-on-iran-6835977