China, Iran to sign contract on heavy water reactor

Image
IANS Beijing
Last Updated : Apr 20 2017 | 5:07 PM IST

China and Iran will on Sunday sign the first commercial contract to redesign Tehran's Arak heavy water reactor in Vienna, a Foreign Ministry spokesman has said.

China and Iran have reached initial agreement on the commercial contract, Spokesman Lu Kang said at a daily news briefing on Thursday.

Redesigning the Arak heavy water reactor is a core aspect of the Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear programme, Xinhua news agency reported.

The JCPOA was reached in Vienna in July 2015 between Iran and the P5+1 group, namely Britain, China, France, Russia, the US and Germany.

The P5+1 countries have created a working group led by China and the US to work with Iran to redesign the reactor, said Lu.

The signing will create a favourable condition for the progress of the redesign.

"China will do the follow-up work with all parties involved in accordance with the comprehensive nuclear deal and the consensus reached by all parties," Lu said.

The 7th Joint Commission between Iran and the P5+1 will convene in Vienna next week.

--IANS

ksk/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Apr 20 2017 | 4:58 PM IST

Next Story