Iran: Uranium enrichment to be speeded up

Iran nuclear chief: Uranium enrichment to be stepped up with new centrifuges, reactor

Associated Press
Iran: Uranium enrichment to be speeded up
.

View photo

The undated diagram that was given to the AP by officials of a country critical of Iran's atomic program allegedly calculating the explosive force of a nuclear weapon _ a key step in developing such arms. The diagram shows a bell curve and has variables of time in micro-seconds and power and energy, both in kilotons _ the traditional measurement of the energy output, and hence the destructive power of nuclear weapons. The curve peaks at just above 50 kilotons at around 2 microseconds, reflecting the full force of the weapon being modeled. The Farsi writing at the bottom translates "changes in output and in energy released as a function of time through power pulse" (AP Photo)

TEHRAN, Iran (AP) -- Iran will step up its uranium enrichment program by sharply increasing the number of centrifuges used to make nuclear fuel, a senior official said Wednesday, in direct defiance of Western demands.

The statement by Iran's nuclear chief, Fereidoun Abbasi, is likely to escalate tensions. The West suspects Iran's nuclear program could be headed toward weapons production and has imposed punishing sanctions to try to persuade Tehran to stop enrichment.

Iran has denied the charges, saying its program is peaceful and geared toward generating electricity and producing radioisotopes to treat cancer patients.

Uranium enriched to a low level is used to produce nuclear fuel for reactors, but high level enrichment would make it suitable for use in atomic warheads.

Abbasi said Iran is making nuclear advances in the face of the severe economic measures imposed by the U.N. and the West.

"Despite sanctions, we will most likely see a substantial increase in the number of centrifuge machines this year. We will continue enrichment with intensity," Abbasi was quoted by state TV as saying Wednesday. The Iranian calendar year ends on March 20.

Abbasi did not say if Iran's stepped up work would be at the five percent fuel level or the higher 20 percent quality, which has worried the West because it can be purified to weapons grade more quickly. There have been indications that Iran may push its enrichment even higher than the 20 percent acknowledged to U.N. nuclear watchdogs.

His remarks came days after the U.N. agency said Iran is about to double its output of higher enriched uranium at its fortified Fordo underground facility. That could move Iran closer to weapons capability.

A Nov. 8 report by the International Atomic Energy Agency said Iran has installed about 2,800 centrifuges at Fordo and is poised to double the number of operating centrifuges, from the current 700 to nearly 1,400.

Iran says it needs 20 percent enriched uranium to make fuel for a medical research reactor in Tehran that produces isotopes for about 1 million patients annually.

Abbasi also said Iran will soon conduct a test run of its heavy water reactor in Arak in central Iran, despite demands from the U.N. to stop the work. The test will use virtual fuel, not actual radioactive material, he said.

He said construction of the 40-megawatt research reactor is progressing on schedule, but he noted that experts are handling the project with greater care in anticipation of possible sabotage attempts.

"The Arak reactor is progressing without any problem according to the schedule. Only because of security considerations, we are moving with caution, since enemy intends to harm this reactor," he was quoted by state TV as saying. "All the equipment needed to operate this reactor has been purchased."

The West is concerned that the heavy water reactor could produce enough plutonium for a nuclear weapon each year, if the spent fuel is reprocessed. That would be another pathway for bomb-grade material, but Iran is not known to possess a plutonium reprocessing facility

Iran has experienced explosions and malfunctions at its nuclear and industrial sites, partly due to faulty equipment secretly procured on the global market.

Also, Iran says it is the target of a campaign that has included the abduction and assassination of scientists, the sale of faulty equipment and the planting of a destructive computer worm known as Stuxnet, which briefly brought Iran's uranium enrichment activity to a halt in 2010.

Rates

View Comments (0)

Recommended for You

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in…

    Associated Press
  • 1 Tip To Lose Belly Fat

    It's Hollywood's Hottest Diet And Gets Rid Of Stubborn Fat Areas Like Nothing Else.

    AdChoicesagoodcooksSponsored
  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • Costco Stores in Canada to Stop Taking American Express

    “The credit card relationship between American Express and Costco Wholesale Canada will not be renewed when it expires” on Dec. 31, the company said today in an e-mail to Canadian customers. The message was attributed to Lorelle Gilpin, vice president of marketing and membership for Costco…

    Bloomberg
  • As Fed takes baby steps, Cramer's trick for profit

    In turn, Cramer says making money in the market, involves looking at the environment through the lens of the Fed. "The trick is to remember that they speak for the common person," Cramer said. "The Fed wants the common person to make money." With that backdrop always in mind, Cramer says it becomes…

    CNBC
  • "The Retiree Next Door": How successful retirees stretch their savings

    "The Retiree Next Door": How successful retirees stretch their savingsBy the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Eugenia, 56, a pharmacy technician who lived in Houston, was nearly $200,000 in debt and

    Yahoo Finance
  • CNBC Anchor Calls Out Fed-Hater Bill Fleckenstein In Startling Shouting Match

    CNBC Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that he had misunderstood monetary policy. Sounding taken aback, Fleckenstein…

    Business Insider
  • Beanie Babies creator's sentence debated in court

    Beanie Babies creator's sentence debated in court CHICAGO (AP) — Federal prosecutors seeking to put the billionaire creator of Beanie Babies in prison for hiding millions in Swiss bank accounts told appellate court judges Wednesday that the toymaker's sentence of probation threatens to erode the…

    Associated Press
  • Tired of Living Paycheck to Paycheck?

    New website reveals how to save $1,000's when you're living paycheck to paycheck. See exactly how.

    AdChoices Media ForceSponsored
  • Apple to unveil new iPads, operating system on Oct. 21 : report

    The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is…

    Reuters
  • Margaritaville casino owners seek bankruptcy

    The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask…

    Associated Press
  • Play

    Citi, Bank of America Offer Discounted Mortgages

    Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty.

    WSJ Live
  • Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

    Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. The deal, which will be included in Embraer's order book for the third quarter, is valued at $2.1 billion, the planemaker said in a securities filing. The planes will be operated…

    Reuters
  • Gilead Stock Is Falling On These Drug Setbacks

    Gilead Stock Is Falling On These Drug Setbacks Gilead Sciences (GILD) shares are backsliding Wednesday on news that the patient drop-out rate for hepatitis C drug Sovaldi is quadruple that of clinical trials. In addition, the biotech's Phase 2 study results

    Investor's Business Daily
  • Here's What Mark Cuban Wishes He Knew About Money In His 20s

    Cuban is the owner of the Dallas Mavericks basketball team. Billionaire investor and entrepreneur Mark Cuban is generous with his advice. When we asked him what he wishes he'd known about money in his 20s, he said:

    Business Insider
  • Best Womens Wrinkle Creams 2014

    Mom reveals simple wrinkle solution that has researchers very excited. Try this free solution today to look and feel years younger.

    AdChoicesBellaLabs.comSponsored
  • SHOE COMPANY: Our CEO Just Disappeared And Most Of The Money Is Gone

    "and like that: he's gone." This is an actual headline from a company press release: "CEO and COO disappeared, most of the company's cash missing." (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO,  Chi Kwong Clifford Chan, has been unable to reach the company's CEO,…

    Business Insider
  • Play

    What the Fed Meeting Means for Bonds

    Janet Yellen & Co. are expected to hint at their timetable for raising interest rates. Here's how investors should prepare ahead of the meeting.

    WSJ Live
  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • 6 Things Debt Collectors Wish You Knew

    The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate…

    Credit.com
  • Boeing may have outfoxed Musk, but it could have bigger problems

    Elon Musk is arguably one of the greatest entrepreneurial minds of the 21st Century, but he was outsized an old school aerospace giant. Boeing won the bulk of NASA’s contract for a space taxi.  One of the other companies vying for the deal is SpaceX, the company headed by Tesla’s Musk, will get a…

    Talking Numbers
  • Masters in Accounting or Forensic Accounting

    Study online in your spare time and graduate in less than two years. Accredited program from New England College School of Accounting.

    AdChoicesNew England CollegeSponsored
  • Romney-Sized IRAs Scrutinized as Government Studies Taxes

    The preliminary report attaches data to an issue that drew attention during the 2012 presidential campaign, when Republican nominee Mitt Romney reported an IRA worth $20 million to $102 million. Senate Finance Committee Chairman Ron Wyden said many of these "massive" accounts come from deals…

    Bloomberg