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2017-12-13 12:25:00

RUSSIAN - EGYPTIAN NUCLEAR

RUSSIAN - EGYPTIAN NUCLEAR

 

ROSATOM - Cairo, Egypt - On December 11, 2017, Director General of ROSATOM Alexey Likhachev and Egypt's Minister of Electricity And Renewable Energy Mohamed Shaker signed the Notices to proceed the contracts for the construction of the El Dabaa nuclear power plant.

The signing ceremony was held in the presence of the President of the Russian Federation Vladimir Putin and the President of the Arab Republic of Egypt Abdel Fattah El Sisi.

According to the signed contracts, ROSATOM will build four VVER-1200 units of the El Dabaa NPP in the Matrouh region on the Mediterranean coast, as well as supplying nuclear fuel throughout the plant's entire operational lifetime. This will help ensure competitive electricity pricing in Egypt over a period of 60 years. Rosatom will also be conduct personnel training and will assist its Egyptian partners in the operation and maintenance of the El Dabaa NPP for the first ten years of its operation. As part of yet another contract, the Russian side will construct a purpose-built storage and supply containers for storing spent fuel.

The first unit of the El Dabaa NPP is to be commissioned in 2026.

'The contracts we've signed are a record-breaking deal in the history of the nuclear industry. The total cost of all four contracts amounts to billions of US dollars, also being the biggest non-feedstock deal in Russian history. We offered our partners in Egypt a unique comprehensive agreement that spans the power plant's entire life cycle, i.e. 70 to 80 years. Today Rosatom is the only company in the world that is capable of providing the full range of peaceful nuclear services. The development of Egypt's nuclear power industry is also important to Russia's economy as dozens of Rosatom enterprises will be awarded significant contracts and will have an opportunity to showcase to the global community the advantage of Russian nuclear technologies', said Director General of ROSATOM Alexey Likhachev.

As part of the El Dabaa NPP project implementation, ROSATOM will also aid Egypt in developing its nuclear infrastructure, as well as increasing the level of project localization and supporting Egypt in training nuclear cadre and driving the public acceptance of nuclear power.

The training of future NPP employees will be conducted in both Russia and Egypt. Over the next few years, hundreds of Egyptian students will study nuclear disciplines in Russia.

The construction of the El Dabaa NPP will provide a stimulus for Egypt's industrial development, with several dozens of Egyptian companies to be involved in the construction. The construction of the first unit is expected to have a localization level of at least 20%, while further units will be even more localized.

For reference:

The 1,200 MWe reactor unit is a modern, internationally referenced Generation 3+ nuclear power plant that is fully compliant with post-Fukushima IAEA requirements and already implemented in Russia. On December 8, 2017 first criticality procedures was begun at the innovative Unit 1 of Leningrad NPP-2, a generation 3+ plant, that is referential to "El Dabaa" NPP project. Leningrad NPP-2 operating personnel successfully loaded the first of the 163 fuel assemblies with fresh nuclear fuel. Earlier, on August 5, 2016 the world's first innovative Generation 3+ nuclear power unit was connected to the grid at the Novovoronezh NPP in Russia.

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Earlier:

 NUCLEAR:

 

 

 

 

 EGYPT:

 ЗАПУСК РОСТОВСКОЙ АЭС-4
2017, December, 8, 17:20:00

RUSSIA'S ROSTOV NUCLEAR STARTED

ROSATOM - On the 6th of December 2017, at 19:53, the operating personnel of Rostov NPP (Volgodonsk, a branch of Rosenergoatom which is part of ROSATOM’s Power Division, the largest of all divisions) successfully loaded first fuel assemblies into the reactor of Unit 4.

         EGYPT'S ZOHR WILL COME
2017, December, 11, 10:05:00

EGYPT'S ZOHR WILL COME

Gas from Zohr will also help ease pressure on the economy of the most populous Arab nation, which has been plagued by a shortage of foreign currency since a 2011 uprising. Zohr, which Eni discovered in August 2015, has an estimated reserve of about 850 billion cubic meters of natural gas in place.

 

 BRITAIN'S NUCLEAR INDUSTRY
2017, December, 8, 17:05:00

BRITAIN'S NUCLEAR INDUSTRY

WNN - The UK's Nuclear Industry Council (NIC) has today published its proposals for a nuclear Sector Deal. The document follows the government's publication last month of its Industrial Strategy white paper, which states the nuclear sector is "integral to increasing productivity and driving growth" in the UK.

 

         EGYPT SOLAR INVESTMENT
2017, October, 18, 18:30:00

EGYPT SOLAR INVESTMENT

Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.

 

 

 EIA: NUCLEAR ENERGY WILL UP
2017, November, 9, 13:50:00

EIA: NUCLEAR ENERGY WILL UP

EIA projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world nuclear growth, followed by India. 

 

         ROSNEFT EXPANSION
2017, April, 3, 18:50:00

ROSNEFT EXPANSION

The world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.

 

 РОССИЙСКО - ИРАНСКАЯ АТОМНАЯ ЭНЕРГИЯ
2017, November, 1, 08:50:00

RUSSIA - IRAN NUCLEAR ENERGY

ROSATOM - On the 31st of October 2017, in the Bushehr Province (Iran) the work commissioning ceremony at the main building of power unit No. 2 of Bushehr NPP (Bushehr-2 project) was held.

         ENI - ROSNEFT DEAL
2016, December, 12, 18:35:00

ENI - ROSNEFT DEAL

Eni has agreed a $1.125bn deal to sell a 30 per cent stake in its giant Egyptian gas field Zohr to Rosneft, as the Italian company continues efforts to monetise the recently-discovered field.

 

 

           
           
           

 

 

Tags: RUSSIA, EGYPT, NUCLEAR, ROSATOM, EL DABAA

Chronicle:

RUSSIAN - EGYPTIAN NUCLEAR
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

RUSSIAN - EGYPTIAN NUCLEAR
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

RUSSIAN - EGYPTIAN NUCLEAR
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

RUSSIAN - EGYPTIAN NUCLEAR
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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