Kuwait Pledges $10M for IAEA Fuel Bank Plan

Kuwait on Friday finalized a pledge to provide $10 million for the establishment of an multilateral atomic fuel supply overseen by the International Atomic Energy Agency, the Kuwait News Agency reported (see GSN, March 10, 2011).

Kuwaiti Ambassador to Austria Mohammad al-Sallal inked the deal with Tarek Rauf, an IAEA official overseeing the fuel bank effort.

The U.N. nuclear watchdog has said it would require $125 million to complete the project, according to the report. The effort would be intended to provide nations with a fixed source of nuclear fuel, deterring them from pursuing technologies that could be used to produce nuclear-weapon material (Abdelwahab al-Gueyed, Kuwait News Agency, Jan. 30).

January 30, 2012
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Kuwait on Friday finalized a pledge to provide $10 million for the establishment of an multilateral atomic fuel supply overseen by the International Atomic Energy Agency, the Kuwait News Agency reported.

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