Egypt Discusses Saudi Nuclear Cooperation AgreementSource: www.export-egypt.com 8/7/2016, Location: Africa |
|
|
|
Committees within Egypt’s parliament discussed new cooperation agreements signed with Saudi ?Arabia, at the top of which is the nuclear power agreement signed during Saudi King Salman’s visit to Cairo in April.
According to a report prepared by parliament's Legislative and ?Constitutional Affairs Committee, the agreement goes in line ?with Egypt's laws and the constitution. The ?report explains that the agreement covers important areas of ?cooperation between Egypt and Saudi Arabia in the field of ??"peaceful use of nuclear power." "The agreement mainly aims ?at exchanging expertise between Egypt and Saudi Arabia in the ?area of nuclear power stations and creating an environment for ?institutional and legal cooperation between the two countries in ?this important field," said the report.? The report also explains that greater cooperation ?between Egypt and Saudi Arabia in nuclear power generation ?could help the two countries meet their rapidly increasing ?energy needs in the coming years. "Nuclear power generation ?has become a major source of energy in recent years and the ?two countries will use this agreement to tap the potentials of ?this sector," said the report.? The report also indicated that the agreement will help ?provide training for Egyptian and Saudi personnel in the area of ?managing and operating nuclear power stations and plants.? The report disclosed that the cabinet of Saudi Arabia, headed ?by deputy Crown Prince Mohamed Bin Nayef, proposed in ?September 2015 that an agreement be signed with Egypt in the ?area of nuclear power generation due to Egypt's experience in this sector. Egypt's Minister of Electricity Mohamed Shaker told reporters that Egypt and Russia are about to sign a final deal to build four ?nuclear power plants in Egypt. Shaker said the agreement is being revised by ?Egypt's state council, and once complete it will be ratified by ?parliament and the government. The Russian company ??Rosatom will build the first plant in El-Dabaa, west of ?Alexandria.? Parliament's transport and telecommunications ?committee also approved another agreement between Egypt and ?Saudi Arabia in the area of naval transport and seaports. In a ?meeting, the committee, together with the national ?security and defence committee, said the agreement will help boost the volume of ?commercial and economic relations between the two ?countries. "The agreement also aims at exchanging expertise in ?the area of naval transport and ports and coordinating their ?positions in this sector in international conventions and ?forums," said the committees' report.? The agreement, according to the report, will apply to ?vessels and ships affiliated with the governments of the two ?countries, although "it does not apply to warships or to fishing and ?shipping vessels crossing the Suez Canal."? The agreement will also include a number of concessions and ?privileges related to ships from the two countries passing through territorial waters. ? Egypt's parliament is expected to discuss an agreement that will ?redraw borders between Egypt and Saudi Arabia in the Red Sea. ?The agreement, which is currently being challenged by independent lawyers ?before Egyptian courts, ?places the two Red Sea islands of Tiran and Sanafir under Saudi control.? |
|
Financials and Investment News in Egypt >> |
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |