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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Woods wins UK court ban against nude, sex photos 11 Dec 2009 Governor Sanford's wife files for divorce 11 Dec 2009 Iraq aims to power out of war into oil big league | Video 9:36am EST Woods's break to fuel high-stakes guessing game 12:34am EST Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Iraq aims to power out of war into oil big league | Video 9:36am EST US debt limit to rise by $1.8 to 1.9 trillion -Hoyer 11 Dec 2009 U.S. agency sees more health spending with reform 11 Dec 2009 Woods wins UK court ban against nude, sex photos 11 Dec 2009 Iran needs up to 15 nuclear plants: foreign minister Raissa Kasolowsky MANAMA Sat Dec 12, 2009 6:10am EST Related News Iran court annuls major privatization deal: report 2:21am EST U.S. says has no evidence Iran backs Yemen rebels Fri, Dec 11 2009 Iran to hit Israeli nuke sites if attacked: minister Wed, Dec 9 2009 Iran sends mixed signals on quitting nuclear curb pact Mon, Nov 30 2009 Iran defies censure, plans 10 uranium sites Sun, Nov 29 2009 MANAMA (Reuters) - Iran needs up to 15 nuclear plants to generate electricity, its foreign minister said on Saturday, underlining Tehran's determination to press ahead with a program the West suspects is aimed at making bombs. World Manouchehr Mottaki, addressing a security conference in Bahrain, also cast further doubt on a U.N.-drafted nuclear fuel deal meant to allay international concern about the Islamic Republic's atomic ambitions. "First I think we could just totally abandon the whole thing or we could propose something more moderate, a kind of middle way ... Iran has done that," he said. Iran has sought key amendments to the proposed deal, under which it would transfer stocks of low-enriched uranium (LEU) abroad and receive fuel in return for a medical research reactor. Tehran says it could produce the fuel itself if it is not able to obtain it from abroad. The proposal to farm out most of Iran's LEU reserves is aimed at minimizing the risk of the country refining the material to the 80-90 percent grade suitable for a weapon. Iran, the world's fifth-largest crude exporter, says its nuclear program is aimed at generating electricity so that it can export more of its gas and oil. "We need 10 to 15 nuclear plants to generate electricity in our country," Mottaki said. Iran currently has one nuclear power plant, under construction by Russia. On Friday, U.S. Defense Secretary Robert Gates said he expected the international community to impose significant additional sanctions against Iran over its nuclear program. Iranian officials have repeatedly shrugged off the impact of such punitive measures. "It would be better not to experience that again," Mottaki said, referring to possible new sanctions. TURKISH, SAUDI INVOLVEMENT? Earlier this month, the head of Iran's Atomic Energy Organization, Ali Akbar Salehi, said Iran needed 20 uranium enrichment plants to provide fuel for its nuclear power plants. That announcement came less than a week after Tehran said it would build 10 more sites like its Natanz underground facility, a statement that further heightened tension with major powers involved in efforts to reach a diplomatic solution to the row. The 35-nation board of the International Atomic Energy Agency (IAEA) last month voted to rebuke Iran for building a second enrichment plant in secret, near the holy city of Qom. Refined uranium can be used to fuel nuclear power plants or, if enriched much further, provide material for bombs. Separately on Saturday, an Iranian news agency said four inspectors from the U.N. nuclear agency watchdog had arrived to inspect the newly-disclosed enrichment site near Qom. It would be the fourth such visit to the site, ILNA news agency added, describing it as a regular inspection. It said such inspections should take place once a month, under an agreement between Iran and the Vienna-based agency. Asked in Manama if Saudi Arabia or Turkey should join talks between Iran and the six major powers -- the United States, Britain, France, Germany, China and Russia -- Mottaki said: "There is no limit to the members of 5+1 (six powers). We believe other countries from the region could participate in the talks." (Additional reporting by Frederik Richter in Manama and Ramin Mostafavi in Tehran; writing by Fredrik Dahl; editing by Diana Abdallah) World More from Reuters Obama argues for strong financial watchdog agency WASHINGTON (Reuters) - President Barack Obama defended on Saturday a consumer watchdog agency the financial industry wants to weaken or strip from legislation that would strengthen the regulation of Wall Street. Iraq aims to power out of war into oil big league | Video U.S. froze $2 billion held for Iran in Citibank: report Worldwide rallies urge strong U.N. climate deal Pay czar caps more salaries at bailed out firms Iran needs up to 15 nuclear plants: foreign minister » More Top News Money & Spending: Bargain basement bashes Corporate America is channeling Ebenezer Scrooge for a second year, saying Bah Humbug! to lavish holiday parties as fears of a double-dip recession loom. Full Article Jolly season for Aussie office parties Era of greed drawing to end Lifestyle Pictures that defined a decade Heavy fog obscuring the Dubai skyline and a singed shoe after the Bali bombings are among the indelible Reuters images of the last 10 years. Slideshow Fifth selection in the series Do you agree with our choices? Pictures © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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