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Iran, Russia to barter oil for construction of nuclear power plants

Business Materials 15 November 2014 21:23 (UTC +04:00)

Tehran, Iran, Nov. 15

By Milad Fashtami - Trend:

Iranian MP Jalil Jafari Boneh said that Tehran will barter oil for construction of two nuclear power plants in Bushehr by Russians.

"By doing so, no pressure will be put on the country's budget," he said, Iranian parliament's official news agency reported on Nov. 15.

The member of the Energy Commission of Iranian Parliament (Majlis) added that the assembly has approved construction of the mentioned power plants.

"The construction operation of the second plant will start two years after the first one," he said, adding that once the plants come on stream some 14,000 job opportunities will be created.

"Once the plants come on stream, the country will also be able to daily save $10 million in fossil fuels consumption," Jafari explained.

The Head of Iran's Atomic Energy Organization (AEOI) Ali Akbar Salehi said in June that Iran has reached an agreement with Russia to construct two more nuclear power plants.

"The two sides are negotiating over the six other planned plants," he explained.

The Atomic Energy Organization of Iran's Deputy Director for International Affairs Behrouz Kamalvandi said on September 15 that the two power plants will most probably be constructed near the Bushehr nuclear power plant.

"The two plants will have the capacity to produce 1,000 megawatt of electricity," he said.

"The construction plan will be completed in 5 to 7 years," Kamalvand added.

Salehi said on October 20 that the country needs 20 new nuclear power plants like Bushehr plant.

"Bushehr power plant currently produces 7 billion kilowatt hours of electricity per year," Salehi said, Iran's ISNA News Agency reported.

"Some countries have declared their readiness to construct new nuclear power plants in Iran," he explained.

Russian Energy Minister Alexander Novak said on September 10 that, "We have been informed that Iran plans to construct 20 new nuclear power plants."

Salehi, said on April 13 that the country has a contract with Russia which obligates Moscow to build four other nuclear power plants in the country.

Salehi said that based on a contract which was signed in 1992, Russian are supposed to construct the power plants at the request of Tehran.

"Before the Islamic revolution [in 1979] the Americans said that Iran needs to annually produce 20,000 megawatt hours of nuclear electricity. Now we want to reach the goal," he noted.

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