1 MONGOLIA DRAGGED ITS WILD HORSES BACK FROM EXTINCTION – CAN IT SAVE THE REST OF ITS WILDLIFE? WWW.THEGUARDIAN.COM PUBLISHED:2024/01/13      2 FOUR KILLED BY HEAVY SNOW IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2024/01/13      3 CHINA-MADE BUSES TO HIT THE ROAD IN MONGOLIA'S CAPITAL WWW.XINHUANET.COM PUBLISHED:2024/01/13      4 MONGOLIA'S GDP EXPECTED TO GROW BY 6.2% IN 2024 - WORLD BANK WWW.AKIPRESS.COM PUBLISHED:2024/01/13      5 CHINA'S IMPORTS OF MONGOLIAN COAL SET TO RISE AS TRANSPORT IMPROVES WWW.REUTERS.COM PUBLISHED:2024/01/13      6 RUSSIA BOOSTS FUEL EXPORTS TO CENTRAL ASIA, AFGHANISTAN AND MONGOLIA IN 2023 WWW.REUTERS.COM PUBLISHED:2024/01/13      7 MONGOLIA'S INFLATION DOWN TO 7.9 PCT WWW.XINHUANET.COM PUBLISHED:2024/01/11      8 PRESIDENT OF MONGOLIA INVITED HEADS OF STATE OF TWO NEIGHBORING COUNTRIES WWW.GOGO.MN PUBLISHED:2024/01/11      9 63.2 PERCENT OF MILK AND DAIRY PRODUCTS DOMESTICALLY SOURCED WWW.MONTSAME.MN PUBLISHED:2024/01/11      10 ELECTRIC VEHICLE CHARGING STATIONS TO BE BUILT AT 25 LOCATIONS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/01/11      ИНФЛЯЦЫН ТҮВШИН 7.9 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/01/14     АЮУЛТ ҮЗЭГДЭЛ, ОСЛЫН ТОХИОЛДОЛ ӨМНӨХ ОНООС 4.3 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2024/01/14     ОЛОН УЛСЫН ЗАХ ЗЭЭЛЭЭС 225 САЯ АМ.ДОЛЛАРЫН БОНДЫГ АМЖИЛТТАЙ АРИЛЖААЛЛАА WWW.IKON.MN  НИЙТЭЛСЭН:2024/01/14     "МОНГОЛЫН ХӨРӨНГИЙН БИРЖ" ХК НЭГ ЖИЛИЙН ХУГАЦААНД 15.1 САЯ ТОНН НҮҮРСИЙГ ₮7.4 ИХ НАЯДААР АРИЛЖЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦЫГ ТОГТВОРЖУУЛАХАД ЧИГЛЭСЭН МӨНГӨНИЙ БОДЛОГО ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/14     ИРЭЭДҮЙН БЭЛЭН БАЙДЛЫН ИНДЕКСЭЭР МОНГОЛ УЛС 124 УЛСААС 75 ДУГААРТ ЭРЭМБЭЛЭГДЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/14     XII САРД ШИНЭ ОРОН СУУЦНЫ ҮНИЙН ӨСӨЛТИЙН ХУРД ҮЛ ЯЛИГ СААРЧ, 9.9 ХУВЬ БОЛОВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2024/01/14     БҮХ ТӨРЛИЙН ТЭЭВРЭЭР 105 САЯ ТОНН АЧАА ТЭЭВЭРЛЭЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦ 3 САР ДАРААЛАН НЭГ ОРОНТОЙ ТООНД ХАДГАЛАГДАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/11     ӨНГӨРСӨН ОНД НҮҮРСНИЙ ЭКСПОРТЫН 92 ХУВИЙГ АВТО ЗАМЫН ХИЛИЙН БООМТООР ГАРГАЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/11    

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HP buys Samsung's $1bn printer business www.bbc.com

US computer giant HP has struck a deal to take over Samsung's $1bn (£750m) printer business.
HP said the acquisition would help it to "disrupt and reinvent" the $55bn copier industry, a segment that "hasn't innovated in decades".
It is buying a big printing presence in Asia, as well as Samsung's laser printing technology and patents.
The deal comes days after HP's sister company sold its software business to rising UK tech champion Micro Focus.
Hewlett-Packard split into two businesses last year: HP Inc, which focuses on printers and computers; and Hewlett Packard Enterprise, which sold its software business to focus on data storage.
"When we became a separate company just 10 months ago, it enabled us to become nimble and focus on accelerating growth and reinventing industries," said Dion Weisler, chief executive of HP Inc.
HP Inc said: "Copiers are outdated, complicated machines with dozens of replaceable parts requiring inefficient service and maintenance agreements."
It added that customers were frequently frustrated with broken copiers and the deal would help HP invest in better technology.
Samsung's printer business made $1.4bn in revenue last year and includes more than 6,500 printing patents as well as nearly 1,300 staff with expertise in laser printer technology.
Meanwhile, shares in Samsung fell 9% after it urged customers to hand in Galaxy Note 7 phones as they risk exploding.
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Investors Flee Heavily Indebted Mongolia www.wsj.com

There is nary a corner on Earth where investors won’t journey to find extra yield. But the trip to Mongolia is proving treacherous.

Money managers piled into assets from the world’s most sparsely populated country in past years on the prospects of vast untapped mines rich with copper and gold. Mongolian debt got an additional boost this year, soaring 6% in July, as raw-material prices picked up and investors sought alternatives to low and even negative bond yields in developed countries.

But in August, Mongolia’s finance minister stunned global investors by saying that its government debt would reach 78% of the gross domestic product, far above the country’s 55% target. The revelation triggered a selloff in Mongolia’s markets, with the country’s dollar-denominated debt tumbling 7.7% last month and the nation’s currency falling the most among all its developing-economy peers, before rebounding slightly this month.

“Until recently, Mongolia was a darling of the markets and they couldn’t do anything wrong,” said Bejoy Das Gupta, chief economist for Asia/Pacific at the Institute of International Finance. “But when the hard landing happens, markets adjust very quickly.”

Mongolia is among a handful of countries with once-bright futures that took on massive debt loads during a period of investor enthusiasm for frontier markets. In 2011, the nation was the world’s fastest-growing economy, expanding at a 17% rate as prices of copper, gold and iron ore soared.

Foreign lenders handed over billions of dollars to the government, its banks and mining companies to help extract wealth from underground. Among the bonds’ holders are BlackRock Inc., Franklin Templeton, Goldman Sachs Group Inc. and UBS Global Asset Management, according to the latest holder data from Thomson Reuters. Mongolia’s debt levels swelled 264% in the five years ended 2015, the largest increase in the world during that period, according to Moody’s Investors Service.

But the commodities bust that began in 2011 crimped the country’s growth. Now, the prospect of higher U.S. interest rates, which could make bonds in developing economies less attractive, could worsen a troubled situation.

As of the first quarter, Mongolia’s total debt owed to foreign creditors stood at $22.6 billion, compared with a still tiny $11.8 billion economy. Meanwhile, a $580 million Mongolian bond taken on to help finance a still-unfinished project to connect 21 provinces with roads comes due in 2017, part of $2 billion in maturing public- and private-sector debt in 2017, according to the International Monetary Fund.

Investors are pinning hopes on a vast gold and copper mine that is expected to lead to massive economic growth. In December 2015, the government approved a $4.4 billion financing deal for Rio Tinto PLC’s second phase of the Oyu Tolgoi copper and gold mine, believed to be the world’s largest underdeveloped reserve of copper, concluding a four-year-long negotiation. But delays in the projects have been costly: During the wait, copper prices more than halved.

ENLARGE
As the country’s current financial woes deepened, the government resorted to emergency measures. In August, the government said it may soon stop paying its civil servants and the military and raised interest rates by 4.5 percentage points to combat capital outflows.

Moody’s also lowered Mongolia’s sovereign credit rating, sending it further into junk status. Standard & Poor’s made a similar move.

If Mongolia turns to the International Monetary Fund for help, that could prop up investor confidence that it will be able to pay its debt, said Kevin Daly, a portfolio manager at Aberdeen Asset Management, with $9 billion in emerging-market debt under management, including Mongolian bonds. The IMF visited the country in August.

The selloff in Mongolia contrasts with the broad rally in emerging markets. Nearly $80 billion went into emerging markets during the first eight months of this year, the Institute of International Finance said. Emerging-market dollar-denominated debt returned 14.7% this year through August.

But if the Federal Reserve raises interest rates, reducing liquidity in the global financial system, countries that rely on a single commodity or struggle with economic data transparency “represent the first level of risks,” said Jim Barrineau, co-head of emerging markets debt at Schroder Investment Management Ltd., which has £343.8 billion ($456.19 billion) of assets under management.

Copper made up 49% of Mongolia’s exports in 2015, according to the United Nations International Trade Statistics Yearbook.

“Given overall market conditions and the assumptions around the IMF, I think perhaps the investors would continue to give them the benefit of the doubt,” said Kathryn Exum, a sovereign analyst at Gramercy Funds Management LLC. “But from an overall fundamental perspective, it’s too expensive. Mongolia and some of the weaker credits will sell off much more significantly if a hawkish Fed returns.”

Write to Carolyn Cui at carolyn.cui@wsj.com and Julie Wernau at Julie.Wernau@wsj.com

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Hanjin ship unloads in U.S., trucks expected to take containers www.reuters.com

A ship of bankrupt Hanjin Shipping Co Ltd (117930.KS) is finishing unloading in California and expected to leave port on Monday, and truckers expect to pick up cargo soon, shipping industry officials said, in a good sign for importers.
 
The Hanjin Greece docked in Long Beach on Saturday after a U.S. bankruptcy court granted it protection and terminal operators agreed to take it.
 
However, the Greece carries only a fraction of the $14 billion in goods on dozens of ships owned or leased by the world's seventh-largest container carrier, which filed for receivership in a Seoul court on Sept. 4.
 
The collapse of Hanjin under debts of $5.5 billion has caused havoc in global trade networks and a surge in freight rates. Some vessels have also been seized.
 
It is not clear when port operators will bring others to berths in Southern California and elsewhere. The U.S. court on Friday gave three other Hanjin ships protection from seizure, and one has been waiting near the Long Beach port since. Two others are in the Pacific Ocean.
 
The delays have concerned importers like Alex Rasheed, president of Pacific Textile and Sourcing Inc in Los Angeles, which has a shipment of clothing in 16 containers on Hanjin ships off Long Beach.
 
"We're already starting to run out of some colors and some sizes," Rasheed said, noting Hanjin's collapse comes as U.S. retailers prepare for the all-important holiday shopping season.
 
Truck drivers probably will begin moving containers from the Greece on Monday while the vessel prepares to leave late in the day for the Port of Oakland, said Teamsters spokeswoman Barbara Maynard and shipping traffic controllers.
 
With prospects for other Hanjin ships unclear, Robert Krieger, president of Carson, California-based customs broker and freight forwarder Krieger Worldwide, is looking for alternatives to bring containers now on Hanjin ships in Asia across the Pacific.
 
"We've already planned for the contingency for Hanjin saying, 'Here are your containers, come get them,'" said Krieger.
 
The three other Hanjin ships protected by the U.S. court order are the Hanjin Boston, which remained off the Port of Long Beach awaiting orders on Sunday, and the Hanjin Gdynia, which was several hundred miles away from Long Beach, and the Hanjin Jungil, 310 nautical miles west of San Francisco with its destination listed as Long Beach, according to Marine Exchanges on the west coast that coordinate shipping traffic.
 
Another Hanjin ship off Long Beach, the Hanjin Montevideo, is under the supervision of a court-ordered custodian after two fuel companies obtained an arrest warrant for it over unpaid bills. Hanjin and the fuel providers are trying to work out an arrangement to release the vessel.
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Moody's: Chinese RLGs' economic and financial position will continue to improve for the rest of 2016 www.moodys.com

Sydney, September 12, 2016 -- Moody's Investors Service says that the economic and fiscal position of regional and local governments (RLGs) in China (Aa3 negative) improved in H1 2016.
 
"We expect this positive trend to continue for the rest of 2016, as monetary and fiscal stimulus continue to support growth," says Nicholas Zhu, a Moody's Vice President and Senior Analyst.
 
"However, we note that the RLGs' economic and fiscal positions vary widely, with provinces heavily exposed to excess-capacity industries such as coal, steel and basic manufacturing lagging behind," adds Zhu.
 
Moody's analysis is contained in its just-released report titled "Regional and Local Governments — China: Debt and Finances Snapshot."
 
The report says that monetary and fiscal stimulus led to GDP during H1 2016 growing at a faster pace for nine provinces versus seven in 2015.
 
Debt and equity financing grew at a faster pace in 13 provinces, and growth in industrial production accelerated in 12 provinces, while growth in fixed-asset investment increased in nine provinces.
 
Moody's notes that while the growth supported by policy stimulus might seem to minimize risks in the short run, it is likely to leave unaddressed the deep imbalances evident across regional economies, thereby increasing long-term adjustment costs.
 
As for fiscal revenues, in H1 2016, the RLGs' tax and non-tax revenues rose by 11% compared with a year earlier. Land sales — another major source of revenues — increased by 10%. These revenues will continue rising in upcoming quarters, because of the continued stabilization of the Chinese economy and real estate market.
 
On the real estate market in particular, Moody's report says this sector will continue to stabilize in many provinces. During H1 2016, 22 provinces reported increases in new residential and commercial real estate construction starts on a year-on-year basis. The price of land continued to rise in most large cities, especially with respect to land for residential properties. And, the price of newly developed residential properties continued to rise, although the increase was slower in first-tier cities (Beijing, Shanghai, Guangzhou and Shenzhen).
 
Moody's believes further restrictive policies such as raising the down payments for mortgages in cities with strong price growth is likely. Nevertheless, policies in lower-tier cities with high inventory pressure will remain broadly supportive.
 
On RLG bond issuance, Moody's report says such issuance has been robust, with the monthly RLG bond issuance in April 2016 registering the highest ever level, at RMB1.06 trillion ($163 billion). In H1 2016, three quarters of total issuance took place as part of a debt-for-bond swap program sponsored by the Ministry of Finance. The program will likely cut the rate that RLGs pay on their debt by four to five percentage points on average.
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Mongolia-Canada cooperation documents focus on trade and investment www.gogo.mn

As a part of the official visit of Speaker of the House of Commons of Canada, Mr Geoff Regan to Mongolia, several cooperation documents were signed.
In particular, Minister of Foreign Affairs Ts.Munkh-Orgil and Ambassador of Canada to Mongolia Ed Jager signed Intergovernmental Agreement on promotion and protection of investments, the Ambassador and Mongolia Minister of Finance B.Choijilsuren signed Intergovernmental MoU on Development Assistance, and Secretary General of office of the State Great Khural Ts.Tsolmon and Chief of Staff of House of Commons’ Office of Canada Mark Bosc signed a Cooperation MoU.
The sides underlined these documents aim to consolidate bilateral ties in trade and investment.
Canada is a “third neighbor” for Mongolia and an important strategic partner in North America, as well as a large investor. The Government of Canada has resolved to realize development assistance programs that cost CAD 55.4 million in Mongolia for the coming four years. These programs will concern improving of management in mining and natural resources, promoting transparency in administration and governance, improving competitiveness of yak wool and cashmere industry and the mineral resource and food security.

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Alibaba to expand investment in ASEAN www.chinadaily.com

NANNING - Alibaba will boost investment and development in ASEAN, according to founder and chairman Jack Ma on Sunday.
 
The e-commerce giant will "participate in the development of local small- and medium-sized enterprises and young people," said Ma at the opening ceremony of the 13th China-ASEAN Expo in Nanning, which runs from Sunday to Wednesday.
 
He did not, however, elaborate or share any specific plans.
 
China-ASEAN trade has exploded, it is now 58 times larger than when the two sides established dialogue relations 25 years ago, which translates into great business opportunities and social development, according to Ma.
 
If hundreds of millions of young people and small businesses participate in globalization, the world economy and trade will be changed in a greater way, he said, adding that the Belt and Road Initiative is the start of inclusive globalization.
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Oil prices fall as U.S. drillers add new rigs, speculators cut long positions www.reuters.com

Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises.
 
Brent crude futures LOCOc1 were trading at $47.29 per barrel at 0200 GMT (10:00 p.m. EDT), down 72 cents, or 1.5 percent, from their last settlement.
 
U.S. West Texas Intermediate futures CLc1 were down 80 cents, or 1.74 percent, at $45.08 a barrel.
 
Traders said the price falls on Monday and Friday were a result of increasing oil drilling activity in the United States, which indicated that producers can operate profitably around current levels.
 
"Each dollar is being used far more efficiently and, as a result, $50 oil appears much more palatable," Barclays bank said in a note to clients.
 
U.S. drillers added oil rigs for a tenth week in the past 11, according to a Baker Hughes rig count report on Friday. It was the longest streak without rig cuts since 2011.
 
Speculative oil traders also became less confident of higher oil prices, cutting their net long U.S. crude futures and options positions for a second consecutive week last week, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
 
Oil's near 5-percent price decline since Sept. 8 partly reverses a 10-percent rally early in the month, which was fueled by speculation that oil exporters could cap production.
 
Algeria's energy minister said there is a consensus among OPEC and non-OPEC members about the need to stabilize the oil market to support prices, state news agency APS reported on Saturday.
 
OPEC Secretary-General Mohammed Barkindo told APS that OPEC was not seeking a definite price range for oil but rather "sustainable stability" for the market.
 
Moves toward clinching a global deal on stabilizing crude output come five months after similar talks for a production freeze failed when Saudi Arabia insisted that Iran join the pact.
 
Tehran says it supports any measures to stabilize the market, but has stopped short of committing to output restraint before its production reaches 4 million barrels per day, the level at which it says it was pumping before the imposition of Western sanctions which were lifted last January.
 
Even if exporters agree on freezing output around current levels, analysts said that would do little to raise prices as most exporters are pumping out oil at or near record levels, and have adapted to do so at lower prices.
 
"Producers and service companies ... are well positioned to return to growth mode at much lower prices," Barclays said.
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Shell begins production at world's deepest underwater oilfield www.theguardian.com

Royal Dutch Shell has started production at the world’s deepest underwater oil and gas field, 1.8 miles beneath the sea surface in the Gulf of Mexico.
 
The first oil pumped from the Stones field, 200 miles south of New Orleans, comes after billions of dollars of investment from Shell over the last three years.
 
The achievement will anger many climate change campaigners, but will boost annual pay for Shell’s chief executive, Ben van Beurden, under the group’s controversial performance bonus arrangements.
 
The field is in much deeper water than the Macondo prospect, where six years ago BP’s Deepwater Horizon rig exploded and sank, killing 11 workers and causing environmental disaster.
 
The latest costly addition to Shell’s production capacity comes despite Van Beurden’s repeated pledges on climate change. In May, he said: “We know our long-term success … depends on our ability to anticipate the types of energy that people will need in the future in a way that is both commercially competitive and environmentally sound.”
 
Faced with low oil prices and increased pressure from climate change activists, Shell has retreated from some of its most expensive production projects. In the autumn last year, it ditched drilling operations in the Alaskan Artic and abandoned a tar sands project in Alberta, Canada.
 
But the group has told shareholders it will continue spending heavily on pioneering deep water projects, which will provide a major source of future growth. Announcing production had begun at Stones, Shell said: “Our growing expertise in using such technologies in innovative ways will help us unlock more deep water resources around the world.”
 
Shell has forecast that its deep water production will increase to the equivalent of more than 900,000 barrels of oil a day by the early 2020s from already discovered, established reservoirs. Major projects the group is working on include Coulomb Phase 2 and Appomattox in the Gulf of Mexico and Malikai off the coast of Malaysia.
 
Shell began the costly Stones project in 2013, two years after the International Energy Agency (IEA) warned that two-thirds of proven fossil fuel reserves will need to remain in the ground to prevent the earth from warming 2C above pre-industrial levels – a proposed temperature limit beyond which scientists warn of spiralling and irreversible climate change.
 
At Stones, oil and gas is pumped from several points on the sea bed through flexible riser pipes to a specialised tanker, incorporating a detachable 3,150-tonne buoy. In the event of a hurricane, Shell says the tanker can halt production and sail away safely from the buoy and riser pipes.
 
Stones will produce the equivalent of about 50,000 barrels of oil a day when ramped up to full capacity at the end of 2017.
 
Van Beurden’s annual bonus depends, in part, on delivering major new projects on time and on budget. For 2015, he received a bonus of €3.5m, which formed part of an overall pay and pension package worth €5.58m.
 
Van Beurden has repeatedly insisted he is determined that Shell should play a part in helping the world take action to end global warming.
 
At Shell’s annual shareholder meeting last year, the board promised a group of activist shareholders, including the Church of England, to better explain how bonus schemes for Van Beurden and others were aligned with its professed ambitions to help tackle climate change. At this year’s meeting, however, activist investors said “clarification is urgently required” on this point.
 
Shell has stressed that 10% of Van Beurden’s bonus is tied to the group’s “sustainability” performance. However, these incentives target how much energy the group uses, the volume of oil spilt and water usage. They do not focus on what campaigners see as the core concern: how Shell plans to manage its way to a low-carbon global economy.
 
Meanwhile, 20% of the Van Beurden’s bonus is still tied to delivering major new production projects, such as Stones. A further 30% is linked to the group’s ability to generate cash, while 12% of the bonus depends on production volumes.
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Samsung shares slide on Galaxy Note 7 recall www.bbc.com

Samsung shares fell sharply on Monday, hitting a two-month low after the firm urged users not to use it and exchange devices due to fears it might catch fire.
The South Korean company's shares dropped more than 5% on Monday morning.
Samsung recalled 2.5 million phones last week after reports of the device exploding during or after charging.
Airline passengers were warned by US authorities not to use or charge the phones while on board.
Aviation authorities in several other countries and individual airlines have since then also banned the use of the devices on their flights.
The company has said it will replace all devices that were handed in from 19 September.
Samsung has said that battery problems were behind the phones catching fire, but that it was difficult to work out which phones were affected among those sold.
The phone was launched last month and has been otherwise generally well-received by consumers and critics.
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Russia starts Phase 2 construction at Iran’s Bushehr nuclear power plant www.rt.com

Iran and Russia have held an opening ceremony for Phase 2 of the construction of the Bushehr nuclear power plant, in which two more 1,000 MW reactors will be added at the site, while six more are still in the pipeline.
Phase 2, which was launched on Saturday, will add two VVER-1000 reactors to the one already operating in Iran. Their design was updated with additional safety features based on experience derived from the Fukushima nuclear disaster.
 
Russia and Iran signed a contract for the expansion of Bushehr in 2014, a year after Russian specialists commissioned the plant’s first reactor. The contract includes an option for six more reactors, which could be built at other sites sometime in the future. Phase 3 may be commenced as soon as 2018, Iranian Vice-President Eshaq Jahangiri said during the ceremony.
 
The Bushehr project was launched in 1975 under the shah’s government, but it ground to a halt after the Islamic revolution of 1979 because German manufacturers withdrew. Russia’s nuclear construction company Atomstroyexport took over the project in the 1990s.
 
“The competition of Phase 1 has proven that Russia always delivers on its promises to foreign partners, regardless of the political climate in the world,” said Russian nuclear chief Sergey Kirienko during the opening ceremony in Iran.
 
“Phase 2 is [Russia’s] practical contribution to fostering Russian-Iranian cooperation and a big step forward in strengthening Russia’s position in the world nuclear technology market.”
 
The Bushehr plant is the first nuclear power facility in the Arab Middle East. Tehran estimates that each 1,000 MW reactor will save Iran 11 million barrels of crude annually. Iran is eyeing several ways to spend the additional megawatts, including powering a water desalination plant in Bushehr province.
 
“The plant would produce 200,000 cubic meters of freshwater per day, compared to the 50,000 to 60,000 cubic meters per day the province needs,” said Iranian Atomic Energy Organization head Ali Akbar Salehi.
 
As part of the project, which is seen as a step in fulfilling Iran’s ambition to develop a civilian nuclear industry, Russian specialists will also train Iranian staff working at the nuclear plant.
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