14,229.01 TRY BIST 100 BIST 100
48.28 USD USD USD
7.22 CNY CNY CNY
55.89 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.93 TRY Interest Interest
95.69 USD Fossil Oil Fossil Oil
6.55 USD Copper Copper
99.48 TRY Silver Silver
97.51 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Iran and Russia sign nuclear energy agreement

Iran and Russia have signed a new USD 25 billion agreement in the field of nuclear energy.

Iran and Russia sign nuclear energy agreement

Under the deal, four nuclear power units will be built in the city of Sirik, located in Iran’s Hormozgan province. Each unit will have a capacity of 1,255 megawatts, bringing the total planned electricity output to 5,020 megawatts.

The agreement was signed during the “Atom Expo 2025,” held as part of World Atom Week in Moscow. Naser Mansur Shariflu, a representative of Iran’s Hormoz Company, signed on behalf of Iran, while Dmitry Shiganov, representing Rosatom’s subsidiary REP Company, signed on behalf of Russia. Reports said engineering, environmental assessments, and part of the site preparations have already been completed, with remaining work still underway.

Just last week, Iran’s Atomic Energy Organization chief Mohammad Eslami and Rosatom Director General Alexey Likhachev signed a memorandum of understanding in Moscow. Rosatom announced that the memorandum covered the construction of small nuclear power plants in Iran, though details on the number of units were not disclosed.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Perma-Pipe and Welspun to Build Pipe Manufacturing and Coating Facility in Jordan

Wednesday, September 2, 2026

Far East steel market analysis | August 26-September 2, 2026

Wednesday, September 2, 2026

European natural gas prices rise, eyes turn to the Strait of Hormuz

Wednesday, September 2, 2026

thyssenkrupp Begins Partial Revamp of Schwelgern 2 Blast Furnace

Wednesday, September 2, 2026

Iran warns US over Strait of Hormuz: “We have tightened the lock further”

Wednesday, September 2, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now