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MONDAY, NOVEMBER 23, 2009
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Oil-Rich Abu Dhabi Plans Nuke Plants

Emirates expected to sign nuclear co-operation deal with US today

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(Newser) – Abu Dhabi is planning a shift away from fossil fuels despite being one of the world's major oil producers, BusinessWeek reports. The UAE territory, faced with surging demand for electricity and dwindling natural gas reserves, aims to build nuclear plants to supply a quarter of its power. A cooperation deal with the US could be signed as soon as today, despite some American lawmakers' objections.

Abu Dhabi has grand plans to keep itself a global energy center even after its oil runs out. The sheikdom could have the Arab world's first nuclear program up and running by 2017 with the help of other nations. The UAE has pledged to adhere to a strict set of safeguards to offset concerns that its nuclear power program could further Iran's nuclear ambitions.

President Bush delivers a speech at the Emirates Palace Hotel in Abu Dhabi, Sunday, Jan. 13, 2008. Bush is expected to sign a nuclear-cooperation agreement with the UAE before leaving office.
President Bush delivers a speech at the Emirates Palace Hotel in Abu Dhabi, Sunday, Jan. 13, 2008. Bush is expected to sign a nuclear-cooperation agreement with the UAE before leaving office.   (AP Photo/Susan Walsh)
Abu Dhabi has the world's fifth-largest oil reserves but has been investing heavily in green energy and is now exploring the nuclear option.
Abu Dhabi has the world's fifth-largest oil reserves but has been investing heavily in green energy and is now exploring the nuclear option.   (©Jay Tamboli)
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It is growing alarmingly clear that the Middle East is short, make that very short, of energy, in particular natural gas. - Neil McMahon, a London-based analyst at Bernstein Research

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4 comments
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scottaco
Jan 15, 09 8:35 AM CST
Like any drug dealer; the less product you use yourself, the more profits you get. Reply
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IN RESPONSE:
YouAreWrong
Jan 15, 09 12:25 PM CST
Took the words out of my mouth.
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justme
Jan 15, 09 7:01 PM CST
Sounds like very good business practices to me. When the world stops burning oil, there will be a million uses for it in medicines, chemicals clothing etc. Reply
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vendetta
Jan 16, 09 7:13 AM CST
Saudi's having nukes? How could this end badly? Reply
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