Iran vows more atom work, to hit back at sanctions
Sun Aug 6, 2006 12:10 PM GMT
TEHRAN (Reuters) - Iran vowed on Sunday to expand its atomic fuel work and warned that any U.N. sanctions aimed at halting its uranium enrichment would incur a painful riposte, possibly including a cut in oil exports.
Chief nuclear negotiator Ali Larijani said Iran would expand the number of atomic centrifuges it was running. Centrifuges enrich uranium by spinning it at supersonic speeds.
"We will expand nuclear technology at whatever stage it may be necessary and all of Iran's nuclear technology including the (centrifuge) cascades will be expanded," he told a news conference.
Such remarks flatly reject a U.N. Security Council resolution demanding Tehran halt its nuclear work by August 31 or face the threat of sanctions. The West fears Iran will use its atomic fuel in warheads.
Iranian officials, who argue they need enriched uranium only to run power stations, say the resolution was illegal and that Tehran has every right to produce fuel from the uranium ore it mines in its central deserts.
Larijani said the expansion of atomic work would be conducted under the supervision of the International Atomic Energy Agency but even that could be in question if Iran felt unfairly treated.
"We do not want to end the supervision of the agency, but you should not do anything to force Iran to do so," he said.
He warned the U.N. Security Council not to impose sanctions on the world's fourth biggest exporter of crude oil.
"If they do, we will react in a way that would be painful for them. They should not think that they can hurt us and we would stand still without a reaction," he said.
"We do not want to use the oil weapon, it is they who would impose it upon us. Iran should be allowed to defend its rights in proportion to their stance," he added.
Although Iran has intermittently threatened to use its massive oil exports as a weapon in international diplomacy, Tehran receives 80 percent of export earnings from energy and would find such a cut hard to maintain.
Iranian officials often say that sanctions would hurt the West more than Tehran by lifting already high oil prices to levels that would be unmanageable for industrialised economies.
However, analysts and diplomats point out Iran's economy would be highly vulnerable to sanctions on gasoline imports, European financing and industrial components.
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