Russia and Iran discuss ‘oil for power plants’ deal

[New]

Moscow and Tehran are discussing plans for Russian companies to help construct power plants in Iran, in return for crude oil, sources close to the trade talks now underway in Tehran told ITAR-TASS.

The sources did not disclose the amount of Iranian oil to be delivered in exchange for the power plants, but estimate the first stage of the contract could be worth up to $5 billion.

Russian state-run power utility Inter RAO and Inter RAO Export, as well as Technopromexport would supply equipment and help construct the power stations in Iran, Russian Energy Minister Aleksandr Novak said in Tehran Tuesday. He said the companies will discuss details in the coming weeks.

He also stressed that Western sanctions against Russia are unlikely to affect Moscow’s plans to boost energy cooperation with Iran.

“I think these questions (American sanctions and bilateral cooperation between Russian and Iran) are not related, as we have long cooperated and developed mutually beneficial projects in the industries of power, oil and gas, and the peaceful use of nuclear energy," Novak said Tuesday at a meeting with Iranian Energy Minister Hamid Chitchian.

Novak is part of the Russian delegation for the 11th annual Russia-Iran Trade Council in Tehran.

“Our task is to restore trade and economic activity that we enjoyed during Soviet times,” said the Russian energy minister.

On Tuesday Iran and Russia are scheduled to sign an agreement to boost economic cooperation, the IRNA news agency reported, citing Deputy Oil Minister for International Affairs Ali Majedi.

While in Tehran, Novak also held a meeting with the head of Iran's Atomic Energy Organization (AEOI) Ali Akbar Salehi. On August 30 Salehi said Iran and Russia will sign a contract for the construction of new nuclear power plants when President Vladimir Putin and Iranian President Hassan Rouhani meet within the month.

Also on Tuesday Novak met with Iran’s Oil Minister Bijan Namdar Zanganeh.

In August, the two countries signed a so-called ‘oil-for-goods’ contract that widens economic cooperation, allowing Moscow to import 500,000 barrels of Iranian oil per day, in exchange for equipment and goods. Moscow has the right to re-sell the purchased oil, to China, for example.

Russia-Iran trade is currently worth $5 billion a year, but the new deals could boost the volume of trade in the coming years.

 

[faizan300]

Good deals of Russia and Iran. It is also best for the economies of both countries.

 

[rmi5]

Moscow and Tehran are discussing plans for Russian companies to help construct power plants in Iran, in return for crude oil, sources close to the trade talks now underway in Tehran told ITAR-TASS.

The sources did not disclose the amount of Iranian oil to be delivered in exchange for the power plants, but estimate the first stage of the contract could be worth up to $5 billion.

Russian state-run power utility Inter RAO and Inter RAO Export, as well as Technopromexport would supply equipment and help construct the power stations in Iran, Russian Energy Minister Aleksandr Novak said in Tehran Tuesday. He said the companies will discuss details in the coming weeks.

He also stressed that Western sanctions against Russia are unlikely to affect Moscow’s plans to boost energy cooperation with Iran.

“I think these questions (American sanctions and bilateral cooperation between Russian and Iran) are not related, as we have long cooperated and developed mutually beneficial projects in the industries of power, oil and gas, and the peaceful use of nuclear energy," Novak said Tuesday at a meeting with Iranian Energy Minister Hamid Chitchian.

Novak is part of the Russian delegation for the 11th annual Russia-Iran Trade Council in Tehran.

“Our task is to restore trade and economic activity that we enjoyed during Soviet times,” said the Russian energy minister.

On Tuesday Iran and Russia are scheduled to sign an agreement to boost economic cooperation, the IRNA news agency reported, citing Deputy Oil Minister for International Affairs Ali Majedi.

While in Tehran, Novak also held a meeting with the head of Iran's Atomic Energy Organization (AEOI) Ali Akbar Salehi. On August 30 Salehi said Iran and Russia will sign a contract for the construction of new nuclear power plants when President Vladimir Putin and Iranian President Hassan Rouhani meet within the month.

Also on Tuesday Novak met with Iran’s Oil Minister Bijan Namdar Zanganeh.

In August, the two countries signed a so-called ‘oil-for-goods’ contract that widens economic cooperation, allowing Moscow to import 500,000 barrels of Iranian oil per day, in exchange for equipment and goods. Moscow has the right to re-sell the purchased oil, to China, for example.

Russia-Iran trade is currently worth $5 billion a year, but the new deals could boost the volume of trade in the coming years.

LOL, based on Russians performance in Bushehr, it would take 2-3 decades to build another power plant, and they would rip Iran off again, on the new deal.

 

[Abii]

LOL, based on Russians performance in Bushehr, it would take 2-3 decades to build another power plant, and they would rip Iran off again, on the new deal.

lol countries in the West are starting to phase out nuclear plant (which I disagree with), these akhoonds are still begging the Russians to build them plants at a rate of 1 per quarter century. By this time next century, they might have 4 completed haha

 

[rmi5]

lol countries in the West are starting to phase out nuclear plant (which I disagree with), these akhoonds are still begging the Russians to build them plants at a rate of 1 per quarter century. By this time next century, they might have 4 completed haha

Yup, Also they are literally ripping akhounds off for building these power plants. Paying 5 billion dollars plus, when you can domestically build gas power plant with less than a billion dollars, is really moronic. To be more accurate, even Bushehr is working with less than half of its capacity after 2-3 decades. Maybe it reaches to its final capacity after a century and making another chernobyl.

 

[Abii]

Yup, Also they are literally ripping akhounds off for building these power plants. Paying 5 billion dollars plus, when you can domestically build gas power plant with less than a billion dollars, is really moronic. To be more accurate, even Bushehr is working with less than half of its capacity after 2-3 decades. Maybe it reaches to its final capacity after a century and making another chernobyl.

What a rip off. The Chinese are building plants at a 1/5th of that cost and people are still arguing over the economics of it. I generally like nuclear energy, but you really have to sit down an punch in the numbers. Apart from the initial cost, you have to factor in fuel costs, proliferation costs, insurance, safety costs, fuel disposal, decommissioning costs etc... In Iran's case you also have to factor in the adverse economic costs b/c of politics.

Iran has the world's largest natural gas resources and they're untapped. The economy is still in its infancy and gas power plants are obviously the logical choice at this stage. With the political situation and the high inherent costs of these nuclear plants, it makes NO SENSE for Iran to be building them (or shall I say attempt to, b/c it took them 2-3 decades to get one barely running).

 

[rmi5]

What a rip off. The Chinese are building plants at a 1/5th of that cost and people are still arguing over the economics of it. I generally like nuclear energy, but you really have to sit down an punch in the numbers. Apart from the initial cost, you have to factor in fuel costs, proliferation costs, insurance, safety costs, fuel disposal, decommissioning costs etc... In Iran's case you also have to factor in the adverse economic costs b/c of politics.

Iran has the world's largest natural gas resources and they're untapped. The economy is still in its infancy and gas power plants are obviously the logical choice at this stage. With the political situation and the high inherent costs of these nuclear plants, it makes NO SENSE for Iran to be building them (or shall I say attempt to, b/c it took them 2-3 decades to get one barely running).

Yup, exactly. That's why all of their attempts is just a show business to fool stupids inside Iran and outside to convince them that they need enrichment for their pissfull purposes.
Anyway, it's not a surprise coming from a country that has billions of dollars corruptions each year, and 60%+ of its GDP is produced by 4 trusts which belong to the leader and are tax, and investigation free. Talking about projects being economical cost-efficient in such a country, is a joke!

 

[Abii]

Yup, exactly. That's why all of their attempts is just a show business to fool stupids inside Iran and outside to convince them that they need enrichment for their pissfull purposes.
Anyway, it's not a surprise coming from a country that has billions of dollars corruptions each year, and 60%+ of its GDP is produced by 4 trusts which belong to the leader and are tax, and investigation free. Talking about projects being economical cost-efficient in such a country, is a joke!

It's almost comical when you spend even a minute to think about the economics of it all. Out here we're used to business deals where every cent is scrutinized and every opportunity cost has been taken into account. Over there, it all boils down to what the great leader wants to waste Khouzestan's oil money on this morning. The opportunity cost of it all is staggering. An economy with a multi-trillion dollar annual gross domestic production potential is barely able to keep its head above water, and that is simply thanks to one province's oil reserves.

The inefficiencies and INSANE policies are so glaring that you don't even need to be educated to understand the right vs wrong. I'm really starting to give balkanization of the country a good thought. Those that understand the issues deserve better. This dictatorship has no legitimacy left in it. It doesn't represent anyone anymore. What's the point?

 

[rmi5]

It's almost comical when you spend even a minute to think about the economics of it all. Out here we're used to business deals where every cent is scrutinized and every opportunity cost has been taken into account. Over there, it all boils down to what the great leader wants to waste Khouzestan's oil money on this morning. The opportunity cost of it all is staggering. An economy with a multi-trillion dollar annual gross domestic production potential is barely able to keep its head above water, and that is simply thanks to one province's oil reserves.
The inefficiencies and INSANE policies are so glaring that you don't even need to be educated to understand the right vs wrong.

That's right. The country is a comical dictatorship, and the akhound dictator, has zero knowledge of the world in the 21st century. He was not even educated as an akhound let alone knowing anything about economy, politics, ... When Khomeini said that "Economy is for donkeys", a sane person can imagine what was going to happen. Anyway, Sometimes I just compare about what people care about and think about in west and what is going on in Iran, aka NK the 2nd. I am sure you have done this comparison many times as well, and know how ridiculous the difference is.

I'm really starting to give balkanization of the country a good thought.

I have thought about it a lot, and I think the result would be beneficial for almost all of the Iran. The point is that there would be too much morons in a unified country. making it smaller, would make them to be managed easier with less number of morons.

Those that understand the issues deserve better.

Yup, but there are not much of them, and many of them have already emigrated from Iran.

This dictatorship has no legitimacy left in it. It doesn't represent anyone anymore.

I don't agree with this part. There are still many nutjobs left in Iran aka fundamentalists, and many are just trying to lick akhounds ball for their living and apologizing akhound and save their and akhound's face, aka reformists. Such people don't really deserve the modern world.

 

[Hack-Hook]

lol countries in the West are starting to phase out nuclear plant (which I disagree with), these akhoonds are still begging the Russians to build them plants at a rate of 1 per quarter century. By this time next century, they might have 4 completed haha

this week come the news that Japan again restarted two of its power-planet that they shutdown after fukoshima

 

[Abii]

this week come the news that Japan again restarted two of its power-planet that they shutdown after fukoshima

No doubt thanks to rising fuel costs and their economic issues as of late. I have a subscription to The Economist magazine and ever since they shut down their plants, fuel costs went through the roof. They don't have natural resources and even if they did, immediate closure of all those plants caused a spike (other countries are phasing them out more slowly to avoid this). Economically they're having issues (by their standards, not yours) and the country just increased the sales tax. Those are all good reasons to restart the reactors. But the general trend in the West is against construction of more plants. Germany will close all its 17 plants by 2022 (that's a mere 8 years from now).

These countries are all developed and need vast amounts of energy. They don't have natural resources either. Iran, a developing country with little need for energy (in comparison), and vast amounts of hydrocarbon resources that are largely untapped (with no customers to sell to regardless), doesn't need nuclear plants, especially when the cost to build one is 5-6 times higher for Iran than it is for developed nations. All in all, once you factor in opportunity cost, direct costs and indirect costs, Iran will be overpaying by 10-20 times for less energy. That makes no economic sense.

But don't let logic stop you. It's never stopped you before.

 

[Hack-Hook]

Does USA also lack oil ?
Plans for New Nuclear Reactors Worldwide

In the [URL='http://www.world-nuclear.org/info/inf41.html']USA

there are plans for 13 new reactors, and two combined construction and operating licences for these were issued early in 2012 while five more are under review. All are for late third-generation plants, and a further proposal is for two ABWR units. it is expected that some of the new reactors will be on line by 2020.

In Canada there are plans to build up to 2200 MWe or more of new capacity at Darlington in Ontario.

In Finland, construction is now under way on a fifth, very large reactor which will come on line in 2014, and plans are firming for another large one to follow it.

France is building a similar 1600 MWe unit at Flamanville, for operation from 2016, and a second may follow it at Penly.

In the UK, four similar 1600 MWe units are planned for operation by 2019, and a further 6000 MWe is proposed.

Romania's second power reactor istarted up in 2007, and plans are being implemented for two further Canadian units to operate by 2017.

Slovakia is completing two 470 MWe units at Mochovce, to operate from 2014.

Bulgaria is planning to build a large new reactor at Kozloduy.

Belarus is planning two large new Russian reactors at Ostrovets, the first to start in 2019.

In Russia, ten reactors are under active construction, one being a large fast neutron reactor. About 14 further reactors are then planned, some to to replace existing plants, and by 2017 ten new reactors totalling at least 9.2 GWe should be operating. Further reactors are planned to add new capacity. This will increase the country's present nuclear power capacity by 50% in 2020. In addition about 5 GW of nuclear thermal capacity is planned. A small floating power plant is expected to be completed by 2014 and others are planned to follow.

Poland is planning two 3000 MWe nuclear power plants.

South Korea plans to bring a further further four reactors into operation by 2017, and another five by 2021, giving total new capacity of 12,200 MWe. Of these, all but one are the Advanced PWRs of 1400 MWe. These APR-1400 designs have evolved from a US design which has US NRC design certification, and four been sold to the UAE (see below).

Japan has two reactors under construction but another three which were likely to start building by mid 2011 have been deferred.

In China, now with 15 operating reactors on the mainland, the country is well into the next phase of its nuclear power program. Some 26 reactors are under construction and many more are likely to be so in 2012. Those under construction include the world's first Westinghouse AP1000 units, and a demonstration high-temperature gas-cooled reactor plant is due to start construction. Many more units are planned, with construction due to start within three years. But most capacity under construction is the largely indigenous CPR-1000 design. China aims at least to quadruple its nuclear capacity from that operating and under construction by 2020.

On Taiwan, Taipower is building two advanced reactors (ABWR) at Lungmen.

India has 20 reactors in operation, and seven under construction (two expected to be completed in 2013). This includes two large Russian reactors and a large prototype fast breeder reactor as part of its strategy to develop a fuel cycle which can utilise thorium. Twenty further units are planned. 18 further units are planned, and proposals for more - including western and Russian designs - are taking shape following the lifting of trade restrictions.

Pakistan has third and fourth 300 MWe reactors under construction at Chashma, financed by China. There are plans for more Chinese power reactors.

In Kazakhstan, a joint venture with Russia's Atomstroyexport envisages development and marketing of innovative small and medium-sized reactors, starting with a 300 MWe Russian design as baseline for Kazakh units.

In Iran nuclear power plant construction was suspended in 1979 but in 1995 Iran signed an agreement with Russia to complete a 1000 MWe PWR at Bushehr. This started up in 2011 and was grid connected in August.

The United Arab Emirates has awarded a $20.4 billion contract to a South Korean consortium to build four 1400 MWe reactors by 2020. The first are under construction.

Jordan has committed plans for its first reactor to be operating by 2020, and is developing its legal and regulatory infrastructure.

Turkey has contracts signed for four 1200 MWe Russian nuclear reactors at one site and is negotiating similar capacity at another. Its legal and regulatory infrastructure is well-developed.

Vietnam has committed plans for its first reactors at two sites (2x2000 MWe), to be operating by 2020, and is developing its legal and regulatory infrastructure. The first plant will be a turnkey project built by Atomstroyexport. The second will be Japanese.

[/URL]

 

[Abii]

Does USA also lack oil ?
Plans for New Nuclear Reactors Worldwide

Yes they do lack hydrocarbon resources for the amount of energy they consume. Here are some facts (I'm sure you know most of this, but you just wanted to throw some bs at the wall to see if it sticks):

Energy consumption has increased at a faster rate than domestic energy production over the last fifty years in the U.S.(when they were roughly equal). This difference is now largely met through imports

So they're trying everything, but they can't meet their vast energy requirements. Canadian power plants export all their extra output to the US (nuclear and hydro plants in Canada export a lot of energy down south).

Also, Americans are burning as much as they can already. It's not like in Iran where vast reserves remain untapped.

The majority of this energy is derived from fossil fuels: in 2010, data showed 25% of the nation's energy came from petroleum, 22% from coal, and 22% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 8%

Finally, USA is a special case. Countries like USA, China and Russia will be some of the last to phase out their nuclear plants. If you have a hard time understanding the reasons than that's your problem. The overall trend in developed economies is towards phasing out nuclear power plants.

Here's some overwhelming evidence for what I'm saying and why you and Kolang need to learn how to use Google before you start arguing with people with nonsense.

Globally, more nuclear power reactors have closed than opened in recent years

Difference Engine: The nuke that might have been | The Economist

Germany has permanently shut down eight of its 17 reactors and pledged to close the rest by the end of 2022.

Italy voted overwhelmingly to keep their country non-nuclear

Switzerland and Spain have banned the construction of new reactors.

In the Netherlands, in 1994, the Dutch parliament voted to phase out after a discussion of nuclear waste management. The power station at Dodewaard was shut down in 1997. In 1997 the government decided to end Borssele's operating license, at the end of 2003.

Japan’s prime minister has called for a dramatic reduction in Japan’s reliance on nuclear power. Taiwan’s president did the same.

Sweden (1980) was the first country to begin a phase-out (influenced by the Three Mile Island accident), followed by Italy (1987), Belgium (1999), and Germany (2000). Austria and Spain have enacted laws to cease construction on new nuclear power stations. Several other European countries have debated phase-outs.

And that's not the comprehensive list. Here's the list for all other countries.
Nuclear power phase-out - Wikipedia, the free encyclopedia

 

[Hack-Hook]

USA dont lack hydro carbon , they have as much hydrocarbon as OPEC perhaps more they just don't touch them
and if you don't knew then let me inform you if our energy consumption growth remain the same in the next 15 year we must import oil.

 

[Abii]

USA dont lack hydro carbon , they have as much hydrocarbon as OPEC perhaps more they just don't touch them
and if you don't knew then let me inform you if our energy consumption growth remain the same in the next 15 year we must import oil.

Are you being a cretin on purpose? I just showed you that they don't have enough with solid facts and figures. They can have as much as the whole world, but you have to look at their energy needs and infrastructure. Their demand is INSANE and they have already built the hydrocarbon/coal plants. More than 90% of their demand in met with hydrocarbon and coal. At some point it becomes inefficient to keep burning. Iran is nowhere near that point. For Iran, it makes more sense to build the cheap and proven than to go hyper expensive and sanction ridden route.

You don't even need to punch the numbers in to understand. You need half a brain and a shred of common sense to understand that if electricity is the problem, one or two reactors/25 years with an insane price tag and a bucket of sanctions as seasoning isn't the answer. If you see China building reactors it's because they are the number 1 consumer of energy on the planet and they've already exhausted other options. On top of that they build these reactors at a per unit cost that's 1/7th to 1/10th of what you pay and they don't get sanctioned either. They also have cheaper maintenance costs and they can recoup their costs by selling reactors to 3rd world countries at a margin. Apples to apples, oranges to oranges.