Moscow plans to sign an agreement with Iran this year to construct up to eight new nuclear reactors in the country, an informed source says.
“Russia and Iran may sign an intergovernmental agreement this year on building from four to eight nuclear reactors, and, under the deal, the contract for the construction of the first two reactors as additions to Bushehr,”
the source informed of the contract’s negotiation process told Reuters on Thursday.
Iraq will invest around $ 500 billion in energy and linked industries with the help of the private sector by 2030, generating around $ 6 trillion in revenues, the Deputy Prime Minister for Energy said yesterday.
Hussain Al Shahristani said the growth generated would create around 250,000 jobs for the war-torn country, which is trying to rebuild its economy after years of violence and economic sanctions.
Energy corporations will invest US $133 billion in the next ten years looking for oil and gas in Brazil according to a release from the country’s Ministry of Mines and Energy. The plan, according to official sources, seeks to balance economic growth prospects with energy supply and expanded demand.