• 3 minutes Natural gas is crushing wind and solar power
  • 6 minutes OPEC and Russia could discuss emergency cuts
  • 8 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 11 minutes Question: Why are oil futures so low through 2020?
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 21 mins Oil and gas producers fire back at Democratic presidential candidates.
  • 5 mins "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 6 hours So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 46 mins Saudi Aramco launches largest shale gas development outside U.S.
  • 12 hours Peak Shale Will Send Oil Prices Sky High
  • 4 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 7 hours CDC covid19 coverup?
  • 10 hours What Is Holding Back Geothermal Heating and Cooling?
  • 21 hours Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
U.S. Crude Too Pricey For Asian Markets

U.S. Crude Too Pricey For Asian Markets

Slumping Asian oil demand amid…

Nigeria Still Considering Nuclear Power

Nigeria Still Considering Nuclear Power

Nigeria, Africa’s largest oil producer, is considering building nuclear power plants to alleviate the country’s chronic energy shortages, despite the negativity surrounding nuclear power in the aftermath of Japan’s March Fukushima debacle.

Nigerian Minister of Power Barth Nnaji said, "Nigeria intends to sit down and properly evaluate what happened in Japan and weigh the risk against national interest," The Vanguard newspaper reported.

Nnaji made his observation after meeting with nuclear power specialists from Russia’s Rosatom atomic agency, who are in the country to seek government's assistance to commence the construction of Nigeria’s first nuclear power plant.

Minister of Science and Technology Ita Oko-Bassey Ewa said that “a draft project implementation agreement has been prepared and ready for signing,” adding that “follow up meetings are now being initiated to discuss modalities for its implementation.”

Speaking to reporters in the capital Abuja Rosatom Director-General Nikolai Spassy stressed that nuclear power plants were a safe method of generating electricity, stating that the Russian Federation had an enviable record in the building of such plants, saying, "Russia has a track record in the area of nuclear energy. The peaceful use of nuclear power is the bedrock of development, and the achievement of the federal government’s Vision 20-2020 goals would depend heavily on the development of nuclear power plants in Nigeria."

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