"Russian power companies will invest in exploration, mining and transportation of Uzbek fuel", - the first vice-premier of the RF Sergey Ivanov announced at the meeting of co-chairmen of the inter-governmental commission for economic cooperation between the RF and the Republic of Uzbekistan.
According to Ivanov, Russia will consider cooperation with Uzbekistan seriously.
"We are ready to increase investments in Uzbek economics", - he said.
"Russian proposed several proposals including enrichment of Uzbek uranium in Russia in Angarsk international center for uranium enrichment", - Ivanov added.
He also noted that commercial benefit for Uzbekistan will be higher than sell of natural uranium due to higher cost of enriched uranium.
Russia forecasts a growth of demand for uranium up to 18 thousand tons in 2020, so the cooperation with Uzbekistan in this area can benefit for both sides.
Uzbekistan's uranium reserves rank in seventh place worldwide. There are 27 uranium deposits in Kyzylkum region. Total uranium reserves estimated is 55 thousand tons.
SOURCE: AtomInfo.Ru
DATE: July 10, 2007