• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 15 hours OPEC will consider all options. What options do they have ?
  • 9 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 12 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 3 hours What to tell my students
  • 3 hours Not The Onion: Vivienne Westwood Says Greta Thunberg Should Run the World
  • 11 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 9 hours A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 22 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 18 hours With Global Warming Greenland is Prime Real Estate
  • 16 hours China Threatens to Withhold Rare Earth Metals
  • 1 day TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION
  • 1 day Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes * Too late now
  • 1 day CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
Australia Considers Lifting Its Nuclear Energy Ban

Australia Considers Lifting Its Nuclear Energy Ban

Australia has never been particularly…

Russia To Build As Many As Eight Nuclear Power Plants For Iran

Bushehr

Iran's Bushehr nuclear power plant.

Moscow and Tehran have signed two contracts under which Russia will build as many as eight nuclear power plants in Iran.

One contract says two reactors will be built at the Bushehr nuclear power plant on Iran’s Persian Gulf coast, the Russian nuclear energy company Rosatom said. Under a second contract, two more units eventually may be built at Bushehr and perhaps four more at sites that haven’t yet been selected. All construction would be monitored by the UN’s International Atomic Energy Agency (IAEA).

Rosatom’s statement said all the plants would be under the same constraints as Bushehr is today. The IAEA has mandated that all nuclear fuel at the plant be produced in Russia and returned there for reprocessing after it is spent to ensure that the material can’t be diverted for a weapons program.

Related: Is This Reformed Nation the Reason For Oil's Fall?

Russia didn’t give a timetable for any of the construction, but AEOI Spokesman Behrouz Kamalvandi said construction of the first two plants would begin in the current Iranian year, which ends March 20, 2015.

At the signing ceremony in Moscow on Nov. 11, Ali Akbar Salehi, the director of the Atomic Energy Organization of Iran (AEOI), and Rosatom CEO Sergei Kiriyenko agreed that the deals would expand relations between their two countries for years.

Russia appears to be following through on its approach to prevent Iran from building nuclear weapons by keeping its nuclear activity under IAEA scrutiny. Under the plan, Moscow requires Iran to buy Russian reactor fuel exclusively, thereby nullifying Tehran’s argument that it must be allowed to enrich its own uranium for medical purposes.

Iran, however, is still enriching uranium, a program opposed by most Western countries as well as Israel and Saudi Arabia because it can be used to produce elements needed for nuclear weapons.

Bushehr is Iran’s only nuclear power plant. Construction began in 1974 by a German company, but was suspended in 1980, a year after Iran’s revolution. In 1992 Moscow agreed to complete the reactor, but only if Russia controlled the supply and disposal of all its nuclear fuel. Rosatom completed construction in 2011 and turned over operational control to Iran in 2013.

Related: The Five Worst Climate Villains Among World Leaders

At first Washington was leery of Russia’s plan to equip Iran with nuclear power plants, but changed its mind, given the IAEA’s approval of the program.

Under the Nov. 11 contracts, Russia would share some of its reactor technology with Iran. At least the first two reactors to be built at Bushehr, and perhaps two more, would be built in Russia and exported to Iran. Rosatom said, however, that the remaining four, if they are built, would be constructed in Iran with Russian help. All would be powered with Russian nuclear fuel.

In recent years Russia has been active in building nuclear power plants in developing countries, including India and in many parts of Southeast Asia. This program in part is an effort to convert to civilian use the excess uranium enrichment capacity from the Cold War era.

By Andy Tully of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play