Kazakhstan to Develop Jordan’s Uranium Deposits

Kazakhstan and Jordan have agreed to establish a joint venture for the development of uranium deposits, according to Nurlan Zhakupov, Chairman of the Board of the Samruk-Kazyna Sovereign Wealth Fund.

“Kazatomprom and Jordan’s Jumco national company will sign today an agreement on cooperation. According to the document, by the end of 2026, a joint venture will be set up, for developing uranium deposits in the territory of Jordan,” said Zhakupov in Akorda, The Caspian Post reports citing Kazakh media.

Industrial research work on uranium extraction and enrichment will be conducted there until 2026. In case of positive results, a joint venture will be created: 70% will belong to Kazatomprom, and 30% to Jumco, he noted.