4 Dec 2023 15:16

Kazakhstan's Kazatomprom to supply uranium to UAE's Barakah NPP

ASTANA. Dec 4 (Interfax) - Kazakhstan's JSC National Atomic Company Kazatomprom has signed a contract with the United Arab Emirates' Nuclear Energy Corporation (ENEC) for Kazakhstan to supply uranium to the Barakah nuclear power plant in the UAE, Kazatomprom said in a press release on Saturday.

"JSC National Atomic Company Kazatomprom and the Emirates' Nuclear Energy Corporation have signed the first ever contract to supply Kazakh natural uranium concentrates for the energy needs of the UAE's Barakah NPP," according to the press release.

The scope and commercial terms of the contract are confidential and commercially sensitive, thus the information is not subject to public disclosure, the company said.

The document was signed during the official visit of Kazakh President Kassym-Jomart Tokayev to the UAE, where the Kazatomprom delegation also took part in the UN COP28 climate conference.

Kazatomprom is one of the world's largest producers of uranium. The company also processes rare metals, and produces and sells beryllium and tantalum products. The company's shares and GDRs are traded on the London Stock Exchange and on the Astana International Exchange (AIX) of the Astana International Financial Centre (AIFC).