‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries
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‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

Dr. Gregory Sosnin, Vice President of the ASE Group representing the Engineering Department of Ross Atom, stressed the importance of nuclear energy as part of the sustainable development of MENA countries.

He was speaking at the Fifth Arab Forum on the Prospects of Nuclear Energy in Electricity Generation and Desalinization of Sea Water that was held lately in Cairo.

Sosnin, who works as director of the Egyptian Dabaa plant project, said: "Countries of the region today – such as Egypt, the United Arab Emirates, the Kingdom of Saudi Arabia, and Turkey – are all rich in hydrocarbons and enjoy a warm climate ideal for solar PV, but all of them invest in nuclear energy.

"The decision makes sense when you see the benefits of nuclear energy. Its potential is huge, in fact."

Speaking of Ross Atom's experience in building nuclear power plants, he added: “We firmly believe the successful implementation of nuclear energy program is inevitably linked to success in areas such as individuals working in nuclear energy, and problems of public acceptance.

"The background of many newcomers to the nuclear energy field revealed that the delay in training individuals could lead to a deviation in the project's assigned schedule," he said, explaining that the support of the public "becomes an engine for the project."

Speaking at a session on regulatory and legislative frameworks for nuclear activities, safety, security, and nuclear safeguards, Deputy General Manager of Ross Atum ServicesYulia Chernakhovskaya expressed her opinion on the importance of nuclear infrastructure for sustainable development in the country.

Chernakhovskaya said: "This way, for example, Ross Atom Services works as a secretary in the inter-ministerial agreement between Ross Atom and the Federal Agency for Environmental, Technology and Nuclear Management (Rostekhnadzor) as part of helping to create and improve national nuclear energy infrastructure in countries that create or Planning to build nuclear facilities according to Russian designs."



OPEC+ to Boost Oil Production by 548,000 Barrels per Day in August

A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
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OPEC+ to Boost Oil Production by 548,000 Barrels per Day in August

A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on Saturday to review global market conditions and outlook.

The group had previously announced additional voluntary adjustments in April and November 2023.

The eight countries will implement a production adjustment of 548,000 barrels per day in August 2025 from July 2025 required production level in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024, to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1, 2025.

This is equivalent to four monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability.

The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. They reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024.

They confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. They will meet on August 3, 2025, to decide on September production levels.