Iran to continue low-grade uranium enrichment

Iran and P5+1 announced Nov 24, that they had reached a deal after five days of marathon talks in Geneva

<a href="http://www.shutterstock.com/pic-63590809/stock-photo-iran-tribute-digitally-rendered-scene-with-flag-and-typography.html" target="_blank">Iran flag</a> image via Shutterstock
IANS Tehran
Last Updated : Nov 27 2013 | 6:45 PM IST

Iran's low-grade uranium enrichment activities will continue, Iranian Foreign Minister Mohammad Javad Zarif said Wednesday.

Addressing Iranian lawmakers Wednesday, Zarif said based on the recent deal between Iran and the P5+1 - Britain, China, France, Russia, and the US plus Germany, construction work at Arak heavy water facility in Iran will continue, but no new fuel will be produced and no new equipment will be installed, adding the country would refrain from constructing new enrichment sites over the next six months, reports Xinhua.

Enrichment activities at Natanz and Fordow facilities would continue at a range of 3.5 to five percent purity level and their capacities would not be expanded, Zarif added.

The final step in nuclear negotiations between Tehran and the world powers is not merely the removal of sanctions imposed on the country, but to normalise Iran's nuclear case, the minister said.

The world powers have agreed to lift all sanctions in the final stage of negotiations, cooperate with Tehran on its nuclear programme and provide it with modern facilities.

Iran and P5+1 announced Nov 24, that they had reached a deal after five days of marathon talks in Geneva.

Under the agreement, the US and its allies will provide Iran with limited sanction relief on its oil, gold, petrochemical, civil aviation, and auto industries with an estimated value of $7 billion during the six-month deal.

In exchange, Iran agreed to halt enrichment above five percent and begin neutralising its stockpile of near-20 percent uranium by diluting or converting. Both parties have called the deal an important "initial step for confidence building".

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 27 2013 | 6:38 PM IST

Next Story