With the world’s second-biggest proven reserves of oil, Saudi Arabia seems an unlikely aspirant to the nuclear-energy club. Yet the largest oil exporter plans to build at least 16 nuclear reactors over the next 25 years at a cost of more than $80 billion. The Saudis see atomic energy as a way to ease their dependence on finite fossil fuels. But they are also driven by competition with their rival Iran, which has multiple nuclear facilities. Whatever the motivation, the turn to nuclear power by Saudi Arabia, and several other countries in Middle East, raises the risk of a nuclear arms race in the most unstable part of the world.
Bloomberg 20th March 2018 read more »