Kazakhstan, China agree on increase of uranium export

Oil&Gas Materials 18 September 2019 13:19 (UTC +04:00)

Baku, Azerbaijan, September 18

By Nargiz Sadikhova - Trend:

The Minister of Energy of Kazakhstan Kanat Bozumbayev has supported the proposal of China on export of Kazakh products to meet the needs of China’s nuclear energy sector, Trend reports with reference to the press office of the ministry.

This became known during his meeting with Chairman of the China Atomic Energy Authority Xu Dazhe within the framework of The 63rd Annual Regular Session of the IAEA General Conference held in Vienna.

According to the minister, Kazakhstan and China have a long-standing experience in nuclear energy cooperation. He noted that companies of both countries are currently cooperating in fuel tablets export to China and in joint construction of nuclear fuel plant in Kazakhstan, which is to export manufactured goods to China.

Bozumbayev supported the proposal of Chinese party on the export of Kazakh products for the needs of the China’s nuclear energy sector. Parties discussed the increase of uranium export and the start of fuel assemblies for Chinese nuclear power plant by Kazatomprom ventures. It was agreed to promote the heads of the joint working group to the positions of vice ministers.

Bozumbayev also heal a meeting with leadership of the Department of Atomic Energy of India. He noted that taking into consideration the long-term and successful strategic cooperation between Kazakhstan and India in nuclear energy, Kazakh party is expressing the readiness to sign new contracts with the department on export of uranium. Parties also agreed on the strengthening of cooperation in nuclear energy sector.

Furthermore, Bozumbayev met with the Minister of Foreign Affairs of Hungary Péter Szijjártó. The parties discussed the activities and future investments projects of MOL GROUP, a Hungarian oil and gas company, in Kazakhstan. Future areas of cooperation between MOL and KazMunayGas, as well as between the government of both countries were also considered.

Over the last 10 years, MOL GROUP has invested over $200 million into Kazakhstan, which makes the company one of the most important participant of the trade relations between Kazakhstan and Hungary.


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