Iran Announces Plans to Build a New Nuclear Power Plant with Credit Provided by Russia
Iran Announces Plans to Build a New Nuclear Power Plant with Credit Provided by Russia
Iranian Oil Minister Mohsen Paknejad announced that Iran will build a new nuclear power plant with credit provided by Russia.
According to Iran’s official news agency IRNA, Paknejad, who was in Moscow for the 18th meeting of the Iran-Russia Joint Economic Cooperation Commission, made a statement during the closing session of the meeting.
Paknejad noted that the commission meeting was held in an atmosphere of friendship and mutual understanding, and stated that Iran and Russia will continue their cooperation “on the peaceful use of nuclear energy, the construction of new nuclear facilities, and the completion of the second and third phases of the Bushehr Nuclear Power Plant with credit provided by Moscow.”
He said, “According to the agreement between the parties, a new nuclear power plant will be built in Iran with credit provided by Moscow.”
Referring to previous agreements aimed at strengthening cooperation between Iran and Russia in the oil industry and the development of oil and gas fields, Paknejad said, “Tehran and Moscow aim to accelerate the implementation and completion of cooperation agreements with Gazprom.”
Paknejad also noted that during the commission meeting, the two countries reached consensus on several issues, including comprehensive cooperation in the banking system, alignment of standards to promote trade and lift restrictions, the introduction of businesspeople, strengthening trade centers in both countries to facilitate bilateral trade, and enhancing cooperation in agriculture, health, and customs.
The Iranian Oil Minister had previously stated that they signed four agreements worth 4 billion US dollars with Russia for the development of seven oil fields.
He added that in addition to those four agreements, other memorandums of understanding had been signed regarding oil and gas fields, and that technical negotiations between delegations were ongoing to finalize and implement these agreements.
Iran’s former Oil Minister Javad Owji had announced in November 2022 that an agreement worth around 4 billion dollars had been signed with Russia concerning the development and export of natural gas fields and the construction of transmission lines.