Baku, Azerbaijan, July 31
By Anakhanum Khidayatova - Trend:
Depending on the progress of the implementation of the Joint Comprehensive Plan of Action (JCPOA) reached July 14, 2015 by Iran and P5+1 and provided that a comprehensive solution is found, the EU and Iran could possibly engage in a structured dialogue for increasing energy cooperation, a source in the European Commission (EC) exclusively told Trend July 31.
The IAEA will verify when Iran has completed the actions under the JCPOA and until then, sanctions (including the EU's restrictive measures) remain in place, according to the source.
The agreement is a package combining nuclear restrictions, enhanced transparency and verification measures in return for a phased lifting of UN Security Council, multilateral and unilateral nuclear related sanctions, said the source.
"Energy could become an important area for EU-Iran cooperation in view of the potential return to Iran's role as a key exporter of crude oil and gas," the source in the EC said.
Iran and P5 +1 (the US, UK, France, Russia, China and Germany) reached a historic agreement on Iran's nuclear program July 14.
The negotiations ended with adoption of a joint comprehensive action plan. If Iran carries out this plan, the economic and financial sanctions earlier imposed on it by the UN Security Council, the US and EU will be lifted.
Follow the author on Twitter: @Anahanum