Tuesday, 25 July 2006

RUSSIAN-KAZAKH NUCLEAR VENTURES WORTH $10 BLN - NUCLEAR CHIEF

Published in News Digest

By empty (7/25/2006 issue of the CACI Analyst)

The total cost of three Russian-Kazakh joint nuclear ventures will be $10 billion, Russia\'s nuclear top official said Tuesday. During a session of a working group on the development of Kazakhstan\'s nuclear energy earlier on Tuesday, Russia\'s top nuclear official Sergei Kiriyenko and Kazakh Prime Minister Danial Akhmetov signed documents on the establishment of the three ventures. \"Together with the program on the nuclear development, which we [Russia] worked out, the establishment of the joint ventures with Kazakhstan will solve the issue of uranium provision for nuclear energy,\" Kiriyenko said.
The total cost of three Russian-Kazakh joint nuclear ventures will be $10 billion, Russia\'s nuclear top official said Tuesday. During a session of a working group on the development of Kazakhstan\'s nuclear energy earlier on Tuesday, Russia\'s top nuclear official Sergei Kiriyenko and Kazakh Prime Minister Danial Akhmetov signed documents on the establishment of the three ventures. \"Together with the program on the nuclear development, which we [Russia] worked out, the establishment of the joint ventures with Kazakhstan will solve the issue of uranium provision for nuclear energy,\" Kiriyenko said. Kiriyenko added that the new project would produce 5-6,000 metric tons of uranium a year while Russia\'s annual output at the moment totaled slightly over 3,000 tons. He said the ventures should be registered by September 30, and working groups should present their feasibility studies by November 30. Techsnabexport, Russia\'s state-controlled uranium supplier and provider of uranium enrichment services, already holds a 49.33% stake in a joint venture set up in 2004 in the south of mineral-rich Kazakhstan. It is exploring a uranium ore deposit with estimated reserves of 19,000 metric tons of uranium in Zarechnoye near the border with Central-Asian neighbors Uzbekistan and Kyrgyzstan. (RIA Novosti)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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