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Russia, Kazakhstan see no need to create uranium OPEC

TOKYO. April 11. KAZINFORM. Russian Federal Atomic Energy chief Sergei Kiriyenko believes there is no need in creating a uranium equivalent of oil producers' OPEC cartel - uranium OPEC. "There is no any special need in this," he said in an interview with Itar-Tass in Tokyo on Wednesday. "At present, uranium is an absolutely market product," he said pointing out that "little uranium is sold by today's quotation, but it is mainly marketed under long-term agreements." "Technologies transforming natural uranium into fuel and specifics of nuclear power plants that should have guaranteed fuel supplies predetermine the fact that we conclude contracts for 2018 and 2020 on enrichment and supplies of enriched uranium or fuel assemblies," Kiriyenko said. "This is a long-term market and just now I see no need in creating uranium OPECs," he said. He pointed out that "the level of mutual coordination and understanding at this market is very high." "All of us know each other very well," Kiriyenko said, Kazinform cites Itar-Tass. The head of Kazakhstan's Kazatomprom state-run atomic company, Mukhtar Dzhakishev, who is also on a visit to Tokyo, said "no OPEC is needed in case with uranium." "Uranium price is growing. At present, we face uranium deficit, which is on the rise and no confederacy is necessary," he said. "The only thing, which we have to agree on, is that we should produce as much uranium as possible to stop a growing deficit that may hamper the nuclear power development," he said.


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