Firms eye Middle East in nuclear plan

ENERGY SWITCH: Two nuclear power plants for countries in the Middle East could be in the pipeline. (Getty Images)

Two nuclear power plants for countries in the Middle East could be in the pipeline, the UK's Financial Times (FT) reported on Wednesday.

European-based oil and gas companies, Total and Eni, each plan to bring nuclear power to the region in proposals, marking a shift in an industry being squeezed out of many of the biggest oil and gas fields, the newspaper said.

Total plans to help build nuclear power plants with a view to negotiating better terms and access in the oil and gas industry in countries with which it has long relationships, its chief executive Christophe de Margerie told the FT.

In January, Total, Areva, the French nuclear group, and Suez, the utility, revealed plans to build two pressurised water reactors in the UAE and he expected to sign a similar deal with another Middle Eastern country soon.

Paolo Scaroni, chief executive of Eni, said he was considering following Total’s lead. Egypt and Algeria were possible candidates.

Print | Email | Discuss this article |

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM