Saudi plans to extract uranium domestically

Abu Dhabi : Saudi Arabia plans to extract uranium domestically as part of its nuclear power programme and sees this as a step towards “self-sufficiency” in producing atomic fuel, a senior official said yesterday.

Extracting its own uranium also makes sense from an economic point of view, said Hashim bin Abdullah Yamani, head of the Saudi government agency tasked with the nuclear plans, the King Abdullah City for Atomic and Renewable Energy (KACARE).

In a speech at an international nuclear power conference in Abu Dhabi, he did not specify whether Saudi Arabia seeks to also enrich and reprocess uranium – steps in the fuel cycle which are especially sensitive as they can open up the possibility of military uses of the
material.

The world’s top oil exporter says it wants to tap atomic power for peaceful purposes only in order to diversify its energy supply and will award a construction contract for its first two nuclear reactors by the end of 2018.

“Regarding the production of uranium in the kingdom, this is a programme which is our first step towards self-sufficiency in producing nuclear fuel,” Yamani told a conference organized by the International Atomic Energy Agency (IAEA). “We utilize the uranium ore that has been proven to be economically efficient.”

Industry sources have told Saudi is reaching out to potential vendors from South Korea, China, France, Russia, Japan and the United States for its first two reactors.

Saudi Arabia is considering building some 17.6 gigawatts of nuclear capacity by 2032, the equivalent of about 17 reactors, making it one of the strongest prospects for an industry struggling after the 2011 nuclear disaster in Japan.