(MENAFN - Arab News) Japan has offered to help Saudi Arabia build nuclear power stations to free up more oil for exports, Kyodo news agency reported yesterday, but a visiting Japanese minister said he was not seeking a supply
Trade Minister Toshimitsu Motegi's visit at the weekend was aimed at securing extra oil from the Kingdom in case of instability in world supply, Japanese officials had said. "It was not that we have asked for any specific request for increase of production or supply. It was just the confirmation of
the relationship we have," Motegi said.
Motegi had offered help building nuclear plants to free more crude for export and to meet rising Saudi demand for electricity, Kyodo said. A Saudi official told Motegi he was hopeful Japanese technology could be used, Reuters said.
Saudi Arabia's plan to build up to 17 gigawatts of nuclear power capacity over the next two decades has offered a possible lifeline to plant builders hit by a lack of demand since the Fukushima disaster.