• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 6 hours Dutch Populists Shock the EU with Election Victory
  • 14 hours One Last Warning For The U.S. Shale Patch
  • 2 hours Venezuela Says Russian Troops Land to Service Military Equipment
  • 9 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 3 hours Read: OPEC THREATENED TO KILL US SHALE
  • 42 mins Multi-well Pad Drilling Cost Question
  • 23 hours Climate change's fingerprints are on U.S. Midwest floods
  • 11 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 1 day Oil Slips Further From 2019 Highs On Trade Worries
  • 1 day The Political Debacle: Brexit delayed
  • 20 hours Modular Nuclear Reactors
  • 11 hours European Parliament demands Nord-Stream-ii pipeline to be Stopped
Cloud Peak On Brink Of Collapse After Bad Coal Bet

Cloud Peak On Brink Of Collapse After Bad Coal Bet

The U.S. power sector’s pivot…

U.S. On The Hunt For Iranian “Ghost Tankers”

U.S. On The Hunt For Iranian “Ghost Tankers”

The United States has started…

US Signs Nuclear Deal with Vietnam

Worried by China’s growing power and influence in Asia, the US has decided to focus on the region, making deals with countries, as it looks to strategically rebalance its assets and attention, to nullify China.

Looking to take advantage of Vietnam’s booming economy, which is growing at around 5% a year, and the subsequent increasing demand for energy, the US has signed a deal to share knowledge, expertise, and technology of nuclear power, allowing the potential for future investments into the growing industry. The deal strictly mentions that Vietnam must not enrich or reprocess any nuclear materials supplied by the US.

John Kerry Talks to VieMinister Nguyen Tan Dung. tnamese Prime
John Kerry Talks to VieMinister Nguyen Tan Dung. tnamese Prime (The Guardian)

John Kerry, the US secretary of state, explained that the deal, known as the US-Vietnam Civil Cooperation Agreement, would give the US a strong presence in the future of Vietnam’s growing nuclear power market.

Related article:How Our Inability to Calculate Risk Opened the Doors for Fukushima

Barack Obama will first browse the agreement before it is sent on to Congress for approval; a process which is expected to be complete by the end of the year.

US labour and human rights groups have been asking President Obama to suspend the free trade agreement with Vietnam in protest of the country’s poor human rights record pertaining to the treatment of government workers and critics of the government.

Analysts have suggested that the large increase of arrests made against government critics, especially bloggers, over the past few years could well persuade Congress to vote against the deal, as they claim that the must be convinced that Vietnam is changing its ways.

A model of the nuclear power plant to be built with Russia
A model of the nuclear power plant to be built with Russia. (RT)

Vietnam is working in conjunction with Russia to build its first ever nuclear power plant, with construction expected to begin in 2014, and finish in 2020; and has also signed an agreement with a consortium of Japanese businesses to develop another nuclear power plant within the same province.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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