The Prime Minister Dmitry Medvedev just signed a decree to cut the funding in Rosatom. The cabinet decided to reduce the cash for the development of nuclear power plants and warned the next years will be challenging for the sectors such as Nuclear and Defense in term of government budget.
The original budget of 424,628 Billion Rubles (5,685 Billion Euros) is reduced by 224 Million Rubles.
President of Egypt, Abdel Fattah El-Sisi approved last May, the loan agreement with Russia worth $ 25 billion to build four units of 1200 MW in Dabaa. The Ministry of Energy and the Ministry of Finance tackle back and try to stop the loan process and its impact on the economy during the next 13 years.
October 26th – The British Petroleum company “BP”, in an official statement, announced the start of gas production in the Qatameya field, its latest offshore
Rosatom selected Assystem to support Atomstroyexport. The firm will focus in the licensing permit for the construction of Al Dabaa nuclear power plant in Egypt.
