Saudi Arabia to Collaborate with Egypt on Energy by February 18 and Monetize Uranium into Yellow Cake, Says Energy Minister

Jan 13, 2025, 08:07 AM

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman announced plans for future collaboration with Egypt in the energy sector, with a roadmap to be established on February 18. Additionally, he stated that the country will focus on monetizing its mineral resources, including uranium. During an industry conference in Dhahran, he confirmed that Saudi Arabia intends to enrich uranium and produce 'yellow cake', a form of uranium concentrate, for sale. This initiative marks a significant step in the Kingdom's energy diversification strategy.