X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 1 hour U.S. Presidential Elections Status - Electoral Votes
  • 12 hours Interest article about windmills and waterwheels in Europe
  • 7 hours Retired RAF pilot wins legal challenge over a wind farm
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 1 day Speaker Pelosi, "Tear Down This Wall"
  • 23 hours Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 2 days Disaster looming in UK offshore wind power
  • 2 days Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . .
  • 21 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Scientist clone endangered Black Footed Ferret from Ferret that died 30 years ago . It's a 100% exact genomic match.
Why Oil Bulls Aren't Backing Down

Why Oil Bulls Aren't Backing Down

While there is still plenty…

Reuters Poll: Bankers See Steady Rise In Oil Prices

Reuters Poll: Bankers See Steady Rise In Oil Prices

The combination of accelerating vaccination…

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

Under terms of the U.S.-Russian two-decade old “megatons-to-megawatts” agreement, the United States Enrichment Corporation (USEC) has reimbursed the Russian Federation more than $7.2 billion for its work in separating fissile uranium for use in civilian nuclear power plants from Soviet-era nuclear warheads.

The figure was included in a statement released by USEC the payment is for the Russian separative work units (SWU) component of extracting low enriched uranium from dismantled nuclear warheads delivered to the USEC since 1995.

OJSC Techsnabexport (Tenex) is the Russian Federation government's intermediary for the agreement.  According to terms of the contract, which expires in two years, OJSC uses natural uranium in an admixture to dilute the weapons-grade uranium.

According to Russia’s Agentstvo Voyennykh Novostei news agency, OJSC Techsnabexport could eventually receive up to $17 billion for the entire contract, of which over $8 billion of would be for the SWU operation.

USEC said that the SWU operation has eliminated 425 metric tons of highly enriched uranium, the equivalent of 17,000 nuclear warheads, by converting it into fuel for commercial nuclear power plants, with the nuclear fuel produced up to now capable of generating enough electricity to meet the demand from U.S. households for nearly five years.

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