VOL. XXXIX

No. 10

4-December-1995

IRAN

Iran Opens Credit Lines For Russian Construction At Bushehr Nuclear Plant

The London-based al-Hayat reported on 29 November that Iran has opened letters of credit worth $80mn in favor of Russian companies undertaking the task of completing the nuclear power plant in Bushehr. The newspaper quoted sources in Tehran as saying that with the opening of the letters of credit, Russia could formally begin work on the plant in accordance with the $800mn...