"Today, there are no guarantees of an assured supply of nuclear fuel in the world and therefore, Iran has to reach its principal goal [produce nuclear fuel]," Ali Larijani said.
He said international oil and natural gas reserves will be exhausted in the next 30 years so there is a pressing need for alternative energy sources, including nuclear energy.
In June, the U.S. House of Representatives approved the International Nuclear Fuel for Peace and Nonproliferation Act of 2007, designed to "establish an international regime for the assured supply of nuclear fuel for peaceful means and to authorize contributions to the International Atomic Energy Agency (IAEA) to support the establishment of an international nuclear fuel bank."
Another goal of the Act is to remove pretexts for countries to build their own uranium enrichment and spent-fuel reprocessing facilities, "as these national facilities might have limited security and could serve as fronts for countries to develop nuclear weapons programs."
