ABC Money
Home

Russia unable to finish Iranian nuclear plant by 2007 deadline


Published :
Tue, 17 Apr 2007 19:31
By : Agencies
Print this Story


AddThis Social Bookmark Button

MOSCOW (Thomson Financial) - Russian nuclear contractor Atomstroiexport cannot complete work on Iran's Bushehr nuclear power plant this year because of a cash crunch and technical problems, said Igor Ivanov, secretary of Russia's security council.

'It is clear that we have to extend the deadline. How long, we do not know. It is being studied by experts,' said Ivanov.

The completion of the power station by Atomstroiexport and the delivery of nuclear fuel by Russia, planned for this year, were delayed by what Moscow had earlier described as financial problems.

Russia had accused Iran of not paying the amounts agreed upon in a deal reached last September on the construction and nuclear fuel supply to the plant, but at the end of March, Moscow acknowledged that Tehran had resumed its payments.

Russia had been scheduled to deliver nuclear fuel to Iran in March, the power station would begin working in September and it would start producing energy in November.

tf.TFN-Europe_newsdesk@thomson.com

afp/jsa

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.




Share on


 You Might Like
Iran warns Russia nuclear plant delay could hurt trade relations
Tehran calls on world powers to 'moderate' US over nuclear programme - report
+
Iran pres: Sanctions won't hurt progress
Iran denies report that Russia gave enrichment ultimatum

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8046.42
+494.13 ( 6.54 %)
NASDAQ
1384.35
+68.23 ( 5.07 %)
FTSE 100
3780.96
-94.03 ( -2.43 %)

SYMBOL ( 2008-11-21 )
LAST
CHANGE
ANGLO AMERICAN ( 11:30am )
1135.00
+81.00 ( 7.43 %)
RIO TINTO ( 11:29am )
2100.00
+78.00 ( 3.72 %)
VEDANTA RESOURCES ( 11:29am )
449.00
+61.25 ( 15.40 %)
BHP BILLITON ( 11:29am )
791.00
+38.50 ( 4.94 %)
ANTOFAGASTA ( 11:29am )
355.00
+36.00 ( 11.21 %)

SYMBOL ( 2008-11-21 )
LAST
CHANGE
EXXON MOBIL CORP ( 4:00pm )
75.81
+7.30 ( 10.46 %)
3M COMPANY ( 4:02pm )
61.30
+4.51 ( 7.81 %)
PROCTER GAMBLE CO ( 4:00pm )
63.09
+3.76 ( 6.26 %)
UNITED TECHNOLOGIES CORP ( 4:01pm )
46.67
+3.45 ( 7.88 %)
IBM ( 4:01pm )
74.88
+3.14 ( 4.32 %)

SYMBOL ( 2008-11-21 )
LAST
CHANGE
MITSUI & CO LTD ( 3:59pm )
159.00
+17.56 ( 11.77 %)
RANDGOLD RES LTD ( 4:00pm )
33.41
+6.68 ( 21.69 %)
ATRION CP ( 4:00pm )
82.00
+6.53 ( 8.62 %)
INTUITIVE SURGICAL INC ( 4:00pm )
118.26
+6.52 ( 5.68 %)
AMER NATL INS CO ( 4:00pm )
61.05
+6.03 ( 10.40 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.