The US and Saudi Arabia have signed a peaceful nuclear cooperation deal, known as the 123 Agreement, along with a bilateral safeguards pact, laying the foundation for a long-term civil nuclear partnership. The agreement aims to expand US nuclear exports, strengthen nonproliferation standards, boost energy security, create jobs, and deepen strategic ties. It will now be sent to Congress for review.
Washington, DC: U.S. Secretary of Energy Chris Wright and Saudi Minister of Energy Abdulaziz bin Salman signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement, according to the U.S. Department of Energy in a statement.
"Together, these two agreements lay the legal foundation for a decades-long, multi-billion-dollar partnership that advances several priority economic and strategic objectives, including nuclear nonproliferation," as per the statement posted on X
The 123 agreement provides great access for American companies in the Saudi nuclear energy program, benefiting American industry, workers, and supply chains while helping to meet Saudi energy needs, the statement added.
The two agreements also advance U.S. and regional security by upholding high standards of nuclear safety, security, and nonproliferation and strengthening the United States' competitive edge in civil nuclear technology, it added.
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