• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 12 hours Iran Vows Major War Even If US Conducts "Limited Strikes"
  • 10 hours Europe: The Cracks Are Beginning To Show
  • 11 hours Memorize date 05/15/2018 cause Huawei ban is the most important single event in world history after 9/11/2001.
  • 50 mins Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 11 mins Hong Kong protesters appeal to Trump for support.
  • 1 hour Millennials: A boil on the butt of the work ethic
  • 32 mins A little something for all you Offshore swabbies
  • 7 hours Ban Fracking? What in the World Are Democrats Thinking?
  • 11 hours LA Times: Vote Trump out in 2020 to Prevent Climate Apocalypse
  • 9 hours When Trying To Be Objective About Ethanol, Don't Include Big Oil Lies To Balance The Argument
  • 2 hours Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 2 hours Shale profitability
  • 10 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 20 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 7 hours Let's shut down dissent like The Conversation in Australia
Saudi Arabia Pours Cold Water On Oil Rally

Saudi Arabia Pours Cold Water On Oil Rally

After its sudden spike following…

Trump Clashes With California Over Fuel Regulations

Trump Clashes With California Over Fuel Regulations

The Trump administration is moving…

China Eyes 30 "New Silk Road" Nuclear Reactors By 2030

Nuclear China

A senior Chinese official and former chairman of the state-owned China National Nuclear Corporation, Wang Shoujun, said that the country needs to give more support to its nuclear programs and take advantage of "the opportunities provided by the Belt and Road Initiative (BRI)," according to RT

(Click to enlarg)

Shoujun said at the China People’s Political Consultative Conference: "Going with nuclear power has already become a state strategy, and nuclear exports will help optimize our export trade and free up domestic high-end manufacturing capacity."

Shoujun added that the country needs to improve research and development of its nuclear sector, as well as localize the production of key nuclear power components. His aim is to grow both the domestic and foreign nuclear markets to "make the most of the country’s comprehensive advantages in costs and technology."

(Click to enlarge)

He also said that the country could build as many as 30 overseas nuclear reactors over the next decade as part of the BRI, which projects could bring in more than $145.5 billion to China by 2030.

41 BRI nations already have nuclear power programs or are planning to develop them. Shoujun says China only needs a 20% market share to create 5 million new jobs in the sector.

The country's "new Silk Road" BRI megaproject was announced 6 years ago by President Xi Jinping and covers 152 countries in Europe, Asia, the Middle East and Africa. The BRI is expected to increase global trade significantly, cut trading costs for many countries involved, and replace the US with China as the primary political and economic counterparty for all the countries involved.

By Zerohedge.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play