 "Saudi Arabia Will Sell Nuclear Energy Along With Oil, Prince Mohammed Bin Salman’s Big Plan, Preparing To Refine Uranium")
RIYADH: The world knows Saudi Arabia for supplying energy reserves. It supplies crude oil to the world. Crown Prince Mohammed bin Salman wants to end his dependence on crude oil. Now this Islamic country wants to export all its minerals. Now Saudi Arabia is also going to sell uranium to the world. Saudi Arabia intends to export enriched uranium, the country’s energy minister Prince Abdulaziz bin Salman said on Monday. The announcement is the latest sign of Saudi Arabia’s nuclear ambitions. Saudi Arabia has long shown interest in developing the nuclear energy sector. He has spoken to America about nuclear cooperation.
Currently the United Arab Emirates (UAE) and Iran are the only countries in the Middle East that have nuclear power plants. Nuclear plants are under construction in Egypt and Turkey. The UAE is planning to build another nuclear plant with the aim of doubling the number of its nuclear reactors. But he has made it clear that he will not enrich uranium. Speaking at the Iqtawa conference in Dhahran on Monday, Prince Abdulaziz said Saudi Arabia wants to become a regional hub for important minerals. For this he is planning to monetize not only uranium but all minerals.
Saudi Arabia will explore for minerals
Saudi Arabia’s deputy mining minister and former chairman of state-owned company Maaden said an auction of 50,000 square kilometers of mineral exploration will begin this year, Al Arabiya reported. This will be five times larger than the 10,000 sq km area auctioned in 2024. However, he did not give any specific information regarding the auction. He also said the ministry wants to increase private investment in mineral exploration from Saudi Riyal 400 million annually to Saudi Riyal 700 million.
What is uranium?
Uranium is a radioactive element that occurs naturally on Earth. According to the International Atomic Energy Agency, it is not as rare as it is believed to be. It is present in rocks, soil, water and even in our bodies. It burns over time and releases energy. Its energy can be used for both growth and destruction. Uranium is used in the fields of nuclear power, nuclear weapons, research and medicine. Uranium the size of a hen’s egg can generate as much electricity as 88 tons of coal.