• 15 hours Smart Contracts: The Tech Reshaping Entire Industries
  • 21 hours Protests Threaten $5 Billion Peruvian Copper Mine
  • 2 days Why Wealthy Kids Are Getting Into College For Free
  • 2 days Is Is Too Late To Get Into The New Gold Boom?
  • 2 days Solar Tech Breakthroughs Spark Surge In Adoption
  • 3 days These Rare Stones Are About To Become Priceless
  • 3 days Why Silver Miners Aren’t Living Up To Expectations
  • 3 days WeWork Reveals Huge Losses Ahead Of IPO
  • 4 days American Education Continues To Fall Behind China
  • 4 days EV Sector Needs 250% More Of This Metal By 2030 Just For Charging Stations
  • 4 days Why Gold Prices Are About To Skyrocket Even Higher
  • 5 days Scientists Create The World’s First 2D Gold
  • 5 days The Key To Commercial Fusion
  • 5 days Inflation Is Creeping Up In Consumer Goods
  • 6 days U.S. Healthcare Industry Could Be Decimated By The Trade War
  • 6 days Washington's $400 Billion Emissions Plan
  • 7 days The Trade War Shows No Sign Of Easing
  • 7 days Bearish News Could Lead To A Bloodbath In The Third Quarter
  • 8 days A Perfect Storm Is Brewing For Precious Metals
  • 8 days UK Economy Shrinks As Brexit Worries Grow
Washington's $400 Billion Emissions Plan

Washington's $400 Billion Emissions Plan

A controversial proposal by the…

Scientists Create The World’s First 2D Gold

Scientists Create The World’s First 2D Gold

Researchers have discovered a new…

American Education Continues To Fall Behind China

American Education Continues To Fall Behind China

There’s a new educational standard…

Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  1. Home
  2. News
  3. Breaking News

Rick Perry Signs Secret Nuclear Deal With Saudi Arabia

Nuclear Deal

Washington has secretly given the go-ahead to several companies to sell nuclear power technology to Saudi Arabia, Reuters reports, citing a document it had obtained. The document featured an approval of six authorizations for nuclear power tech by Energy Secretary Rick Perry.

The request for secrecy came from the companies that won the authorizations, according to the document, authored by officials from the National Nuclear Security Administrations.

“In this case, each of the companies which received a specific authorization for (Saudi Arabia) have provided us written request that their authorization be withheld from public release,” it said.

An official from the Department of Energy told Reuters the reason for the secrecy was that the requests from the companies to partake in the deal with Saudi Arabia contained proprietary information.

The information comes on the heels of a report that the Government Accountability Office had initiated a probe into the U.S.-Saudi nuclear power talks that have been going on for a while. There is one important obstacle in these talks and this is Saudi Arabia’s reluctance to sign a nuclear co-operation agreement under the Atomic Energy Act that seeks to guarantee that nuclear technology is only used for civil purposes. Related: The Best Way To Play The 5G Revolution

The Financial Times recalls that two months ago Congress accused the Trump administration of trying to sell U.S. nuclear power technology in defiance of the law. A recent report for the House of Representatives said the administration was trying “to rush the transfer of highly sensitive US nuclear technology to Saudi Arabia.”

In this, Reuters notes, the U.S. competes with South Korea and Russia. Riyadh will announce the companies that will build Saudi Arabia’s first nuclear reactors later this year. There is concern, however, that the Kingdom will not use nuclear technology for strictly civil purposes, which could ignite an arms race in the Middle East.

By Irina Slav for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment