U.N. Nuclear Watchdog Chief to Seek Third Term
The head of the International Atomic Energy Agency confirmed on Monday he would seek a third term, stressing the threat posed by North Korea and the role his inspectors could play in any diplomatic deal with Pyongyang. Yukiya Amano, a 69-year-old career diplomat from Japan, has emphasised that the work of the IAEA - the United Nations nuclear watchdog - is technical…
Iran, Russia start Construction of New Iranian Nuclear Plant
Iran began building a second nuclear plant with Russian help on Saturday, in a $10 billion project which follows Tehran's landmark nuclear deal with world powers last year, state media reported. State television showed Iranian and Russian officials at launching ceremonies for the 10-year project which will include two power plants with a total capacity of more than 1…
As Japan Re-embraces Nuclear Power, Safety Warnings Persist
Japan's re-embrace of nuclear power, on display last week with the recertification of two ageing reactors, is prompting some critics to warn that Tokyo is neglecting the lessons of Fukushima. In the first such step since the 2011 disaster, Japan's Nuclear Regulation Authority (NRA) on June 20 approved…
Nuclear Sanctions on Iran lifted
Iran emerged from years of economic isolation on Saturday when world powers lifted crippling sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. In a dramatic move scheduled to coincide with the scrapping of the sanctions, Tehran also announced…
Crude Drops Again, Iranian Oil Looms
Brent, U.S. crude heading for third weekly loss; Iran sanctions could be lifted within days. Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days. Brent and U.S.
Application Guidelines for Dumping Radioactive Waste
Updated guidelines for the application of the de minimis (exempt) concept for radioactive substances which may be considered for dumping at sea have been adopted by Contracting Parties to the treaties which regulate the dumping of wastes at sea. The 2015 Guidelines for the application of the de minimis…
IAEA Warns Money Running Out to Monitor Iran Nuclear Deal
The U.N. nuclear watchdog said on Tuesday it will run out of money next month to monitor implementation of nuclear accords with Tehran and asked countries to increase funding the costs of its Iran work, which will rise to $10 million a year. International Atomic Energy Agency (IAEA) chief Yukiya Amano…
Iran gives Information on Past Nuclear Activities
Iran has given the U.N. nuclear watchdog information regarding its atomic past, a milestone in potentially meeting a condition for sanctions relief under an accord reached with world powers last month. Alongside the July 14 agreement to curb its nuclear programme in exchange for easing sanctions, Iran…
IAEA to Discuss its Role, Money Needs Under Iran Deal
An International Atomic Energy Agency (IAEA) meeting later this month will consider how to finance the monitoring of Iran's nuclear deal with world powers, a crucial step toward an eventual end of sanctions on Tehran. The IAEA has been asked to report on whether Iran is taking the necessary measures to shrink its nuclear programme as agreed in the July 14 accord…
No Repeat of Fukushima Under New Safety Rules - Japan's NRA
Japan's nuclear regulator said an accident on the scale of the 2011 Fukushima disaster would not occur under new safety rules imposed on reactors such as Kyushu Electric Power's Sendai No.1, set to be the first to restart since Fukushima, Japan's Nikkei business daily reported on Saturday. Sendai No.1 reactor is set to restart as early as next week.
IAEA Head Considering U.S. Invitation to Speak About Iran
The head of the U.N. nuclear watchdog is "positively considering" an invitation from the U.S. Senate Foreign Relations Committee, a diplomatic source familiar with the matter told Reuters on Friday. Some U.S. politicians have asked for more information to be made public relating to the International…
U.N. Security Council Endorses Iran Nuclear Deal
The United Nations Security Council on Monday endorsed a deal to curb Iran's nuclear program in return for sanctions relief, but it will be able to re-impose U.N. penalties during the next decade if Tehran breaches the historic agreement. The 15-member body unanimously adopted a resolution that was negotiated…
Iran Needs Time, Demand and Conditions for Output Boost
Iran has big ambitions to increase oil and gas production once sanctions are lifted but a substantial increase in exports is probably years away. The country has the world's fourth-largest proved reserves of crude oil (behind Venezuela, Saudi Arabia and Canada) and the largest proved reserves of natural gas (ahead of Qatar and Russia), according to BP.
Oil Analysts, Experts Weigh In On Iran Nuclear Deal
Iran, the United States and five other major powers reached an agreement to restrain the Iranian nuclear program in exchange for relief from economic sanctions. Q: Can you outline the timeline from here? "The P5+1 will now work on a UN resolution to endorse the deal; separately, domestic legislatures and other processes will review text…
Brent Tops $61 on Iraq, Libya Violence
Libya has declared force majeure on 11 oilfields. Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. A deteriorating security situation led Libya's state oil company to declare force majeure on 11 of its oilfields on Wednesday.
Ukraine Energy Minister: "No Threat" From Accident at Nuclear Plant
Ukraine's energy authorities said on Wednesday that an accident at a nuclear power plant in Zaporizhzhya in the south-east of the country posed no danger and the plant would return to normal operations on Dec. "There is no threat ... there are no problems with the reactors," Energy Minister Volodymyr Demchyshyn…
US, Europeans Row over Post-Fukushima Nuclear Safety Step
The United States is lobbying against an amendment to an international nuclear safety pact proposed by Switzerland, which Berne argues could help prevent Fukushima-style disasters but which may also increase industry costs, diplomats said. Atomic energy powers Russia and Canada have also signalled opposition to the measure…
U.N. Nuclear Chief Holds Top Level Nuclear Talks in Iran
U.N. nuclear agency chief Yukiya Amano began talks in Tehran on Sunday with President Hassan Rouhani and other senior officials to push for progress in a long-running investigation into Iran's suspected atomic bomb research. Amano's trip comes ahead of an Aug. 25 deadline for Iran to provide information…
Nuclear Export Group Divided Over Ties with India
An influential global body that controls atomic exports is divided over establishing closer ties with India, meaning the nuclear-armed Asian power may have to wait a while longer before joining. Diplomatic sources said different opinions were voiced in a debate on relations with India - a non-signatory…
Areva Expects Higher Uranium Prices
French nuclear group Areva expects uranium prices - under pressure since Japan's Fukushima accident more than three years ago - to rise again, perhaps later this year or next, a company official said on Monday. said Isabelle Leboucher, Areva senior vice president, marketing. The March 2011 meltdown at the Fukushima plant triggered a slump in uranium prices…
