Friday, November 20, 2015

Iran sanctions might be lifted in January, 20 NOV

Iran sanctions might be lifted in January

Iran sanctions might be lifted in January

Oil and banking sanctions against Iran might be lifted by mid-January based on the pace at which technicians are removing and mothballing nuclear equipment at the country’s uranium-enrichment facilities.

Iran removed 4,530 centrifuges during the 28 days ending Nov. 15, a rate of 162 machines per day, according to an International Atomic Energy Agency report issued late Wednesday. Based on current work rates, Iran may be able to fulfill its part of the nuclear deal agreed with world powers by Jan. 12, Bloomberg reported.
The July 14 deal agreed with world powers requires Iran to reduce the number of its installed centrifuges – the fast-spinning machines that enrich uranium – to 5,060 from about 19,000. Once IAEA monitors have verified that Iran has met its commitments, oil and banking sanctions will be lifted.
Nuclear monitors have been present during every stage of the removal process, according to two senior diplomats familiar with the IAEA’s role in Iran. The agency is recording the serial number of every machine that is being removed to ensure nothing goes missing, they said, asking not to be identified in exchange for discussing details of the work.
Before sanctions are removed, Iran also has to eliminate about 8,000 kilograms (17,600 pounds) of enriched uranium, either by exporting it to another country or diluting it with inert material. The core of a heavy-water reactor in Arak also has to be disabled.

Agreements on Arak reactor

Atomic Energy Organization of Iran (AEOI) Chief Ali Akbar Salehi announced on Thursday that the document on redesigning Iran’s Arak heavy water rector has been signed by all parties to the nuclear agreement, and the grounds are now set for implementation of the accord, Tasnim News Agency reported.
“We were informed today that all foreign ministers of the six countries in the (nuclear) negotiations as well as the European Union Foreign Policy Chief have signed the document on redesigning and modernizing the Arak heavy water reactor,” Salehi said on Thursday, adding that the document has been officially adopted.
As per the Joint Comprehensive Plan of Action (JCPOA), the other side was supposed to guarantee its cooperation on the reconfiguration of Arak reactor, Salehi noted, adding that the guarantee has now been given.
Since the document has been signed by six countries as well as the EU representative, it has high political, legal, and international credit, the Iranian nuclear chief stated.
He further noted that the sextet has declared that they will cooperate with Iran in redesigning the reactor and providing the required equipment, as well as in different phases of the project.
“We have simultaneously started our negotiations with China at the trade level, and we hope that all the required grounds will be provided for the full implementation of the JCPOA by December 15,” he added.

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