Firms eye Middle East in nuclear plan

World

Two nuclear power plants for countries in the Middle East could be in the pipeline, the UK’s Financial Times reported on Wednesday.

European-based oil and gas companies, Total and Eni, each plan to bring nuclear power to the region in proposals, marking a shift in an industry being squeezed out of many of the biggest oil and gas fields, the newspaper said.

Total plans to help build nuclear power plants with a view to negotiating better terms and access in the oil and gas industry in countries with which it has long relationships, its chief executive Christophe de Margerie told the FT. (Arabian Business)

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