• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 3 hours Could Venezuela become a net oil importer?
  • 9 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 6 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 12 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 6 hours Why is permian oil "locked in" when refineries abound?
  • 3 hours Gazprom Exports to EU Hit Record
  • 3 hours Could oil demand collapse rapidly? Yup, sure could.
  • 4 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 3 hours Oil Buyers Club
  • 5 hours Oil prices going down
  • 1 day Teapots Cut U.S. Oil Shipments
  • 47 mins Saudi Arabia turns to solar
  • 20 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 6 hours EVs Could Help Coal Demand
  • 12 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
Goldman: Expect Another Bull Run In Oil

Goldman: Expect Another Bull Run In Oil

While oil prices are tumbling,…

South Korea, Malaysia Discuss Nuclear Energy Cooperation

South Korea's presidential office said in a press release that South Korean President Lee Myung-bak during a two-day state visit by Malaysian King Mizan Zainal Abidin discussed enhancing cooperation between the two countries in nuclear energy and other economic fields.

Reporting on the bilateral discussions, a presidential official quoted President Lee as saying, "Malaysia has recently successfully overcome the global economic crisis, demonstrating a high level of national competitiveness," Yonhap news agency reported.

South Korea has been intensifying its efforts to export nuclear power plants since South Korean firms in 2009 were awarded a $18.6 billion contract to build four atomic power plants in the United Arab Emirates after besting U.S., Japanese and French companies bidding for the contracts.

In response, the Malaysian monarch stated that he hoped that bilateral cooperation between the two countries could be expanded beyond its immediate parameters to include such promising new fields as renewable energy and green technologies.

South Korea is seeking to expand its civilian nuclear options, as last week South Korean and U.S. envoys met for a third set of discussions on South Korea's interest in broadening the scope of nuclear activities it is permitted to conduct through a new bilateral nuclear cooperation deal, expanding the parameters of talks that began last March.

The U.S.-South Korean pact on civilian nuclear energy is due to lapse in 2014, four decades after it was signed. Its terms bar South Korea from reprocessing spent nuclear fuel, but Seoul wants any new treaty to permit byproprocessing, a next-generation reprocessing technique which reportedly poses fewer proliferation risks.

By. Charles Kennedy, 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