Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Explainer-Key facilities in Iran's nuclear programme
    Finance

    Explainer-Key facilities in Iran's nuclear programme

    Explainer-Key facilities in Iran's nuclear programme

    Published by Global Banking and Finance Review

    Posted on April 1, 2025

    Featured image for article about Finance

    By Francois Murphy

    VIENNA (Reuters) -U.S. President Donald Trump said this week that if Iran did not strike a deal with the United States over its nuclear programme "there will be bombing", adding to U.S. ally Israel's long-standing threat to attack Iran's nuclear facilities.

    Below are some of Iran's main nuclear facilities.

    WHERE ARE IRAN'S NUCLEAR FACILITIES?

    Iran's nuclear programme is spread over many locations. While the threat of Israeli airstrikes has loomed for decades, only some of the sites have been built underground.

    DOES IRAN HAVE A NUCLEAR WEAPONS PROGRAMME?

    The United States and the U.N. nuclear watchdog believe Iran had a coordinated, secret nuclear weapons programme that it halted in 2003. The Islamic Republic denies ever having had one or planning to have one.

    Iran agreed to restrictions on its nuclear activities in exchange for relief from international sanctions under a 2015 deal with world powers. That pact fell apart after then-President Donald Trump pulled the United States out of it in 2018 and Iran started abandoning the restrictions the next year.

    IS IRAN INCREASING ITS URANIUM ENRICHMENT? 

    Yes. Iran has been expanding its uranium enrichment programme ever since the pact broke down, reducing the so-called "breakout time" it would need to produce enough weapons-grade uranium for a nuclear bomb to days or little more than a week from at least a year under the 2015 deal.

    Actually making a bomb with that material would take longer. How long is less clear and the subject of debate.

    Iran is now enriching uranium to up to 60% fissile purity, close to the 90% of weapons-grade, at two sites, and in theory it has enough material enriched to that level, if enriched further, for six bombs, according to a yardstick of the International Atomic Energy Agency (IAEA), the U.N. watchdog.

    NATANZ

    A complex at the heart of Iran's enrichment programme on a plain abutting mountains outside the Shi'ite Muslim holy city of Qom, south of Tehran. Natanz houses facilities including two enrichment plants: the vast, underground Fuel Enrichment Plant (FEP) and the above-ground Pilot Fuel Enrichment Plant (PFEP).

    An exiled Iranian opposition group revealed in 2002 that Iran was secretly building Natanz, igniting a diplomatic standoff between the West and Iran over its nuclear intentions that continues today.

    The FEP was built for enrichment on a commercial scale, able to house 50,000 centrifuges. Around 16,000 centrifuges are currently installed there, roughly 13,000 of which are in operation, refining uranium to up to 5% purity.

    Diplomats with knowledge of Natanz describe the FEP as being about three floors below ground. There has long been debate about how much damage Israeli airstrikes could do to it.

    Damage has been done to centrifuges at the FEP by other means, including an explosion and power cut in April 2021 that Iran said was an attack by Israel.

    The above-ground PFEP houses only hundreds of centrifuges but Iran is enriching to up to 60% purity there.

    FORDOW

    On the opposite side of Qom, Fordow is an enrichment site dug into a mountain and therefore probably better protected from potential bombardment than the FEP.

    The 2015 deal with major powers did not allow Iran to enrich at Fordow at all. It now has around 2,000 centrifuges operating there, most of them advanced IR-6 machines, of which up to 350 are enriching to up to 60%.

    The United States, Britain and France announced in 2009 that Iran had been secretly building Fordow for years and had failed to inform the IAEA. U.S. President Barack Obama said then: "The size and configuration of this facility is inconsistent with a peaceful programme."

    ISFAHAN

    Iran has a large nuclear technology centre on the outskirts of Isfahan, its second largest city.

    It includes the Fuel Plate Fabrication Plant (FPFP) and the uranium conversion facility (UCF) that can process uranium into the uranium hexafluoride that is fed into centrifuges.

    Iran also stores enriched uranium at Isfahan, diplomats say.

    There is equipment at Isfahan to make uranium metal, a process that is particularly proliferation-sensitive since it can be used to devise the core of a nuclear bomb.

    The IAEA has said there are machines for making centrifuge parts at Isfahan, describing it in 2022 as a "new location".

    KHONDAB

    Iran has a partially built heavy-water research reactor originally called Arak and now Khondab. Heavy-water reactors pose a nuclear proliferation risk because they can easily produce plutonium which, like enriched uranium, can be used to make the core of an atom bomb.

    Under the 2015 deal, construction was halted, the reactor's core was removed and filled with concrete to make it unusable. The reactor was to be redesigned "to minimise the production of plutonium and not to produce weapon-grade plutonium in normal operation". Iran has informed the IAEA that it plans to start operating the reactor in 2026.

    TEHRAN RESEARCH CENTRE

    Iran's nuclear research facilities in Tehran include a research reactor.

    BUSHEHR

    Iran's only operating nuclear power plant, on the Gulf coast, uses Russian fuel that Russia then takes back when it is spent, reducing the proliferation risk.

    (Reporting by Francois Murphy; editing by Mark Heinrich, William Maclean)

    Related Posts
    Sterling tumbles as declining inflation cements BoE cut bets
    Sterling tumbles as declining inflation cements BoE cut bets
    Britain clears Greencore, Bakkavor's $1.6-billion food group merger
    Britain clears Greencore, Bakkavor's $1.6-billion food group merger
    European shares rise on banks, resource-linked stocks boost
    European shares rise on banks, resource-linked stocks boost
    Greek parliament approves 2026 budget amid protests
    Greek parliament approves 2026 budget amid protests
    UK inflation unexpectedly tumbles, firming Bank of England rate cut bets
    UK inflation unexpectedly tumbles, firming Bank of England rate cut bets
    UK inflation final hurdle before BoE verdict
    UK inflation final hurdle before BoE verdict
    UK's Bunzl warns of slight margin drop in 2026
    UK's Bunzl warns of slight margin drop in 2026
    Diageo to sell East African Breweries stake for $2.3 billion
    Diageo to sell East African Breweries stake for $2.3 billion
    TotalEnergies sells 50% of a Greek renewables portfolio for 254 million euros
    TotalEnergies sells 50% of a Greek renewables portfolio for 254 million euros
    European defence group KNDS plans dual listing in 2026
    European defence group KNDS plans dual listing in 2026
    Norway's power grid operators asked to sharpen sabotage preparedness
    Norway's power grid operators asked to sharpen sabotage preparedness
    France's Louvre museum remains shut as workers weigh strike extension
    France's Louvre museum remains shut as workers weigh strike extension

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Ukraine drone debris sparks fire at Russia's Slavyansk refinery, authorities say

    Ukraine drone debris sparks fire at Russia's Slavyansk refinery, authorities say

    Volkswagen battery business PowerCo looking more intensively at external funding

    Volkswagen battery business PowerCo looking more intensively at external funding

    Polish discounter Pepco targets 9% core profit growth in 2026 financial year

    Polish discounter Pepco targets 9% core profit growth in 2026 financial year

    Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain

    Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain

    TikTok monitored Grindr activity through third-party tracker, privacy group alleges

    TikTok monitored Grindr activity through third-party tracker, privacy group alleges

    Monzo shareholders push to oust chair over CEO's exit, FT reports

    Monzo shareholders push to oust chair over CEO's exit, FT reports

    Morning Bid: UK inflation final hurdle before BoE verdict

    Morning Bid: UK inflation final hurdle before BoE verdict

    Global coal demand hit record high this year but is set to decline by 2030, IEA says

    Global coal demand hit record high this year but is set to decline by 2030, IEA says

    Agentic AI race by British banks raises new risks for regulator

    Agentic AI race by British banks raises new risks for regulator

    EU to strengthen carbon levy on high-emission imports, crack down on attempted evasion

    EU to strengthen carbon levy on high-emission imports, crack down on attempted evasion

    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports

    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports

    Dollar nears 2-1/2-month low as labour data leaves rate path uncertain

    Dollar nears 2-1/2-month low as labour data leaves rate path uncertain

    View All Finance Posts
    Previous Finance PostMichael Kors owner Capri's finance head jumps ship to Macy's
    Next Finance PostGhibli effect: ChatGPT usage hits record after rollout of viral feature