• 3 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 5 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 6 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 7 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 8 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 9 hours Rosneft Signs $400M Deal With Kurdistan
  • 11 hours Kinder Morgan Warns About Trans Mountain Delays
  • 18 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 23 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 1 day Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
5 Picks For A Booming Tech Market

5 Picks For A Booming Tech Market

Technological breakthroughs like artificial intelligence…

Oil Fundamentals Overturn Geopolitical Risk

Oil Fundamentals Overturn Geopolitical Risk

Geopolitical risk from Iraq and…

India Granted a Waiver by Nuclear Suppliers Group

India Granted a Waiver by Nuclear Suppliers Group

In 2008 the Nuclear Suppliers Group (NSG), the apex body that controls global nuclear commerce, granted India a waiver on the transferal of sensitive nuclear technologies despite the fact that India is not a signatory of the Nuclear Non-Proliferation Treaty (NPT), opened for signature in 1968.
 
Even though India had not opened up all of its nuclear reactors for international scrutiny, the NSG waivers made India an exception, allowing New Delhi to buy nuclear power plants, equipment and technology on the international market, The Hindu Online reported.
 
Now, as new NSG adopted last month guidelines propose that technology transfers be allowed only if the recipient state fulfils certain criteria, including NPT membership, India’s 2008 arrangement with the NSG could be at risk.
 
Russian Foreign Ministry spokesman Alekhsandr Lukashevich said that the new NSG banning the sale of enrichment and reprocessing (ENR) technology to non-NPT signatories would not apply to India, noting in a statement posted on the Ministry’s website, "The decision to strengthen 'sensitive' nuclear export controls adopted at an NSG plenary session in 2011 does not affect in any way the September 2008 decision of the Group to unfreeze peaceful nuclear cooperation with India."
 
The Russian statement is a thinly veiled attempt to preserve its market share in India, as the 2008 NSG waiver was strongly promoted by the U.S., with which India worked out a significant bilateral pact the same year that opened the doors for the sale of U.S. nuclear power plants to India.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News