Egypt, Russia to Finalize Nuclear Contract in 2 Months

Egypt, Russia to Finalize Nuclear Contract in 2 Months

The Egyptian government plans to finalize the two contracts with Russia regarding Al Dabaa nuclear power plant within two months, reported Daily News Egypt.

The contracts will include clauses on technical support, operation, maintenance, and fuel depots.

Sources from the Egyptian government stated that Egyptian and Russian officials are holding daily meetings with the technical advisor for the project, WorleyParsons, and the legal adviser, Shearman & Sterling, in order to complete the rest of the contracts.

The contracts will be ready in two months. After the draft is finalized, it will be sent to the State Council for approval.

Upon the Council’s approval, the Egyptian presidency will organize an inauguration ceremony in June to be attended by President Abdel Fattah Al-Sisi and Russian president Vladimir Putin.

The commercial contract between Egypt and Russia concerning Al Dabaa nuclear plant includes four agreements: the main establishment, fuel supply, technical support during operation, and establishing storage for consumer fuel.

Sarah Samir 2536 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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