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Iran says prepared for oil prices as low as USD30
Russian Federation will start constructing two nuclear reactors in Iran next week, as Tehran seeks to reduce its reliance on oil and gas with 20 facilities over the coming years, an official said Tuesday.
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Behrouz Kamalvandi, the Iranian regime’s Deputy Head of its nuclear energy organization, added in comments to state-controlled Mehr News Agency: “Certain steps were taken which have brought about good conditions with regard to decreasing the number of centrifuges”.
Russian Federation and Iran plan to boost mutual trade turnover from the current $1.7 bln to $10 bln while one of the most serious obstacles for doing this is the impossibility of payments in dollars or euro with Iranian banks due to sanctions.
The meeting comes as both sides consider future development in the Iranian nuclear energy sector.
Other aspects of Iran’s nuclear program seen as having potential to develop weapons, such as its uranium enrichment activity and a heavy water reactor, will be curbed under a deal Iran reached with big powers in July including Russian Federation.
Russia’s Minister of Industry and Trade Denis Manturov said the two countries have agreed several projects “the implementation of which is subject to the establishment of banking and financial mechanisms”.
“As we are talking here Iranian technical specialists are examining it at the airport and they are flying over Tehran” to test it, Kladov said.
Russian Federation has announced that it is considering reduction or elimination of import duties on Iranian agricultural products – a measure that may be meant to encourage larger exports of Iranian fruits and vegetables to Russian Federation.
Concerned they might lag Asian and European competitors in Iran, some USA companies plan to hit the ground running as soon as sanctions are lifted by drafting contracts and sending envoys, the Wall Street Journal reported.
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Rostec Helicopters was also in talks with Iran to sell new Russian medical helicopters.