México

Guyana

Trinidad
& Tobago




Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

U.S. and Brazil may partner on small nuclear reactors


 

By Lisandra Paraguassu / Reuters

WASHINGTON
Petroleumworld 03 18 2019

Brazil and the United States could work together to build small nuclear reactors, Brazil's mines and energy minister told Reuters on Friday, adding that the South American nation is also ready to open uranium mining to foreigners.

Brazil is preparing legislation that would clear the way for both private and foreign investment in prospecting and mining for uranium in the country, Minister Bento Albuquerque said in an interview. There is a draft of the legislation, but a final version must be negotiated with Congress, he said.

“We have to resolve internally the issue of uranium exploration that today is a monopoly of the state and is in the hands of Nuclear Industries of Brazil,” Albuquerque said, referring to the state firm running the country's uranium mines.

“What we have to do is to make our legislation more flexible so that there can be private uranium exploration,” he said.

Albuquerque is in Washington ahead of President Jair Bolsonaro's first official visit to the United States since he took office on Jan. 1.

The trip next week by right-wing Bolsonaro, who modeled his foreign policy and political style on U.S. President Donald Trump, is expected to bring closer economic, political and military ties between the two countries.

Albuquerque also expanded on earlier comments that nuclear projects such as the Angra 3 plant would be opened to private foreign investment, saying that plant as well as small nuclear reactors could also attract American interest.

Construction of Angra 3 was halted in 2015.

The two presidents are expected to sign a declaration that will include a provision to create a bilateral forum to discuss energy investment opportunities in the areas of oil, gas and nuclear power, Albuquerque said.

The forum would hold its first meeting in April, he said.

The United States has expressed interest in participating in the next rounds of auctions of oil blocs in the pre-salt area off the coast of Brazil, particularly in one region called the “transfer of rights” area, Albuquerque said.

The pre-salt area, where billions of barrels of oil and natural gas are trapped beneath a layer of salt under the ocean floor, is one of the world's largest oil finds of recent decades.

The U.S. is also interested in investing in Brazil's natural gas sector that is being opened to private investment, he said. The country's gas market is currently dominated by Petroleo Brasileiro SA and state distribution companies.

 


________________________


We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.

________________________

Reporting by Lisandra Paraguassu; writing by Jake Spring; editing by David Gregorio and Phil Berlowitz from Reuters.

Reuters.com 03 15 2019

Twitter: @petroleumworld1


 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.