• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 6 hours UK, Stay in EU, Says Tusk
  • 5 hours Nuclear Power Can Be Green – But At A Price
  • 10 mins Socialists want to exorcise the O&G demon by 2030
  • 3 hours Chevron to Boost Spend on Quick-Return Projects
  • 7 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 10 hours Maritime Act of 2020 and pending carbon tax effects
  • 13 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 19 hours Venezuela continues to sink in misery
  • 1 day How Is Greenland Dealing With Climate Change?
  • 35 mins Conspiracy - Theory versus Reality
  • 13 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 5 hours Regular Gas dropped to $2.21 per gallon today
  • 2 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 23 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
Solar Investment Plunges Amid Panel Glut

Solar Investment Plunges Amid Panel Glut

An oversupply of solar panels…

Can Mozambique Avoid The ‘Resource Curse’?

Can Mozambique Avoid The ‘Resource Curse’?

Mozambique, like many other resource…

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