Wednesday, September 27, 2006

Egypt going nuclear?

Egypt developing nuclear energy program

In all fairness they have been working at it for awhile but it will still take them some time to get everything up and running. Is it worth the possible $2 Billion price tag?
Egypt is looking for alternative power sources because of the rising cost of oil and its increasing energy needs. The government estimates that oil reserves in Egypt, the Arab world's most populous country, will be depleted within 20 years unless new oil fields are discovered.

Egypt has signed the Nuclear Non-Proliferation Treaty, the cornerstone of international efforts to prevent the spread of nuclear weapons. Countries that sign the treaty agree not to produce or otherwise acquire nuclear weapons. They also accept safeguards meant to prevent the diversion of spent nuclear fuel to weapons production. Egypt also has agreed to inspections by the United Nations' nuclear watchdog, the International Atomic Energy Agency.

NTI's overview of Egypt's nuclear programs

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