Wednesday, May 23, 2007 4:04:33 AM
There is much in the news about this:
http://www.chicagotribune.com/news/opinion/chi-0704280083apr29,0,1775003.story?coll=chi-newsopinion-...
Nuclear fever in the Mideast
Almost every Arab regime in the Mideast has been gripped with nuclear fever. Suddenly, despite the immense oil and gas reserves beneath many of them, they must have nuclear power plants.
Egypt, for instance, says that it might build a nuclear plant on the Mediterranean coast within 10 years. Jordan says that the kingdom intends to fire up its first reactor by 2015. Saudi Arabia is leading a consortium of Arab gulf states that is exploring ambitious plans to build nuclear reactors.
--you can red more using the link--
and from BBC
http://news.bbc.co.uk/2/hi/middle_east/5378148.stm
Case for nuclear power
On the other hand, Western concerns might be seen in the Middle East as another example of advanced countries, which freely use nuclear energy and some of which have nuclear weapons, trying to hold others back.
Turkey has a good energy case for going ahead with the three plants it plans to build by 2015.
According to the CIA World Factbook, Turkey is estimated to produce 50,000 barrels of oil per day yet it consumes 700,000 barrels per day.
Egypt is oil-richer. It has reserves of some 2.7 billion barrels, according to the CIA, produces 700,000 barrels per day and is estimated to consume about 500,000 per day. It has announced plans to build one nuclear power station.
The proposal was announced by Gamal Mubarak, President Hosni Mubarak's son, and his central role in this is being taken as a sign that Gamal intends to run for the presidency after his father.
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So the sector is hot - no pun intended - red hot and NUCON-RF is a pure play in nuclear. Not only in building support but in remediation, technologies and services.
And the stock in itself is very under priced so gives a huge upside and an excellent investment and being presented in a part of the world where nuclear is a major current topic.
The Russian expertise in nuclear is of course widely known but not many so far know of NUCON-RF and since NUCON-RF has two former highest level administrators in Russian nuclear on their team the region will soon become aware of this way to take part in the renaissance of nuclear power by investing in NNRF.
I am a consultant for NNRF, Inc and own personal shares
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