UAE and Australia sign nuclear agreement
Australia now expected to be one of main fuel suppliers for Braka site
The UAE has signed a nuclear cooperation agreement with Australia; a deal which will facilitate the trade of nuclear materials and equipment for the UAE’s nuclear programme. HH Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s Minister of Foreign Affairs, and Australian Minister of Foreign Affairs Bob Carr, this week signed an agreement that is likely to pave the way for Australia to become a major supplier of uranium for the UAE’s Braka site.
Australia holds about 40 percent of the world’s total supply of uranium, and the cooperation deal will see it supply the UAE’s nuclear site with fuel over a 15-year period. Similar agreements for nuclear cooperation have already been signed with the United States, the UK, France and South Korea.
Construction work at the Braka site was recently started after the FANR approved a construction licence for the first two of four reactors at the site.