Kazakhstan’s state-owned uranium giant Kazatomprom is negotiating a ten-year uranium supply contract with Romania, in a move to strengthen bilateral energy ties and deepen cooperation in nuclear and high-tech sectors.
The Kazakhstani National Atomic Company, Kazatomprom, is looking to expand its uranium exports to Europe. The company has held talks with Romania’s state-owned SN Nuclearelectrica, aiming to strengthen energy ties between the two countries.
Talks between Kazakhstan’s National Atomic Company, Kazatomprom, Romania’s Ministry of Energy, and the country’s nuclear energy producer SN Nuclearelectrica, focused on two key areas: increasing uranium supply and potential collaboration in the beryllium industry.
At the heart of the discussion was a proposed ten-year contract that would secure a steady supply of Kazakhstani uranium to Romania. The fuel would support both existing reactors and future nuclear energy developments. However, specific figures and volumes of this contract have not been disclosed.
Kazatomprom believes that a long-term supply deal would help cement strategic ties with Romania and ensure a reliable source of nuclear fuel - critical as Romania looks to expand its energy independence and reduce reliance on external sources.
In addition to uranium, both countries are also eyeing cooperation in the beryllium sector. This rare metal is a key material in high-precision industries, particularly nuclear and aerospace. Romanian representatives voiced strong interest in scientific and technical collaboration with the Ulba Metallurgical Plant in Oskemen, a major Kazakh producer of beryllium products.
They also discussed the possibility of processing beryllium from Romanian deposits, potentially creating a new pipeline for European-sourced raw materials to be developed with Kazakh expertise.
According to Casiana Niculescu, Secretary of State at Romania’s Ministry of Energy, securing uranium supply from Kazakhstan is not just a commercial agreement, it’s a strategic move. He said the deal would provide Romania with energy security and help diversify fuel sources amid ongoing geopolitical uncertainty and global market pressures.
Uranium is one of the main natural resources of Kazakhstan. The country ranks first in the world in terms of its production and second in terms of reserves. Kazatomprom’s latest annual report shows the company produced 12.3 thousand tons of uranium in 2024, based on its share in joint ventures a 10 percent increase compared to the previous year. The largest buyers remain China, Russia, the United States, and France.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The European Union’s Commissioner for Industrial Strategy urged European countries to establish joint reserves of rare earth materials to reduce dependence on China and protect against supply disruptions.
The Kremlin has strongly condemned the recent U.S. strikes on Iranian nuclear facilities, warning they could trigger wider instability in the region and deepen the ongoing conflict.
Iran's top diplomat has travelled to Moscow with a message from Supreme Leader Khamenei, seeking greater support from Russia after the most significant U.S. military action against Iran in decades.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The European Union’s Commissioner for Industrial Strategy urged European countries to establish joint reserves of rare earth materials to reduce dependence on China and protect against supply disruptions.
The Kremlin has strongly condemned the recent U.S. strikes on Iranian nuclear facilities, warning they could trigger wider instability in the region and deepen the ongoing conflict.
Iran's top diplomat has travelled to Moscow with a message from Supreme Leader Khamenei, seeking greater support from Russia after the most significant U.S. military action against Iran in decades.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
The European Union’s Commissioner for Industrial Strategy urged European countries to establish joint reserves of rare earth materials to reduce dependence on China and protect against supply disruptions.
The Kremlin has strongly condemned the recent U.S. strikes on Iranian nuclear facilities, warning they could trigger wider instability in the region and deepen the ongoing conflict.
Iran's top diplomat has travelled to Moscow with a message from Supreme Leader Khamenei, seeking greater support from Russia after the most significant U.S. military action against Iran in decades.
Iran said Monday that the U.S. strike on its nuclear sites had expanded the range of legitimate targets for its armed forces and branded U.S. President Donald Trump a “gambler” for joining Israel’s military campaign.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The European Union’s Commissioner for Industrial Strategy urged European countries to establish joint reserves of rare earth materials to reduce dependence on China and protect against supply disruptions.
The Kremlin has strongly condemned the recent U.S. strikes on Iranian nuclear facilities, warning they could trigger wider instability in the region and deepen the ongoing conflict.
Iran's top diplomat has travelled to Moscow with a message from Supreme Leader Khamenei, seeking greater support from Russia after the most significant U.S. military action against Iran in decades.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment