Kazakhstan and the International Atomic Energy Agency will have another round of talks on hosting an international nuclear fuel bank in the Kazakh territory; the talks will be held in Vienna this coming fall, Newskaz.ru reports, citing KazAtomProm National Nuclear Company Head Vladimir Shkolnik as saying August 15.

A nuclear fuel bank is a proposed approach to provide countries access to enriched nuclear fuel, without the need for them to possess enrichment technology. The basic concept is that countries who do have enrichment technology would donate enriched fuel to a "bank", from which countries not possessing enrichment technology would obtain fuel for their power reactors.

Back in 2009 Kazakhstan’s President Nursultan Nazarbayev suggested hosting an international nuclear fuel bank in the Kazakh territory. The idea was approved of by the IAEA in 2011.

The Kazakh Agency for Nuclear Power was launched May 7, 2012.

The IAEA is the world's center of cooperation in the nuclear field. It was set up in 1957 as the world's "Atoms for Peace" organization within the United Nations family. The Agency works with its Member States and multiple partners worldwide to promote safe, secure and peaceful nuclear technologies.

“The conference will take place from September 17 to September 25 in Vienna. The Kazakh delegation comprising leadership of the State Agency for Nuclear Power, reps of national companies and of the Foreign Ministry will be having talks with the IAEA leadership (…) now the work is under way to thrash out the draft agreement between the IAEA and Kazakhstan … which is quite a complicated document”, Mr. Shkolnik said.