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Main agreement in nuclear discussions reached – Iranian president

Nuclear Program Materials 20 May 2021 14:41 (UTC +04:00)

BAKU, Azerbaijan, May 20

By Elnur Baghishov – Trend:

A main agreement has been reached in the nuclear discussion conducted between Iran and the 4 + 1 group (Russia, China, Britain, France and Germany) in Vienna, Austria, Iranian President Hassan Rouhani said, Trend reports citing the IRINN.

He made the remark in an event dedicated to the launch of petrochemical facilities in Iran today on May 20, 2021.

The president noted that main steps have been taken in the nuclear discussions, and some cases are being discussed to reach a final agreement.

Rouhani added that the parties agreed to lift all major sanctions, including oil, petrochemical, insurance, shipping, banking and other fields.

Reportedly, three petrochemical facilities worth $1.3 billion were put into operation in Iran on May 20, and as result, 2,450 people were employed. With the launch of these facilities, Iran's petrochemicals production potential has increased by 3.5 million tons.

Iranian President Hassan Rouhani, Iranian Oil Minister Bijan Zanganeh and other officials attended the event dedicated to the launch of petrochemical facilities online format.

The production of petrochemical industry in Iran reportedly will be minimum 130 million tons per year until March 20, 2026.

As reported, the discussions are underway between Iran and the 4+1 group (Russia, China, Britain, France, Germany) in Vienna.

In late 2020, the Iranian parliament has decided to implement a strategic plan to tackle the sanctions, citing the non-implementation of the Joint Comprehensive Plan of Action (JCPOA) signed between Iran and six countries and the imposition of sanctions on Iran. According to the decision of the Iranian parliament, as of February 23, Iran suspended the implementation of additional steps and an additional protocol provided for in the nuclear deal.

Iran's Fordow nuclear facility currently produces 17-20 grams of 20-percent enriched uranium per hour.

According to the decision of the Iranian parliament, 1,000 units of IR2M centrifuges must be installed. The operations have been begun in this regard, and more than 320 units of IR2M centrifuges have been installed.

In January 2016, JCPOA was launched between Iran and the P5+1 group (US, Russia, China, UK, France, and Germany) in connection with Iran's nuclear program. In May 2018, the US announced its withdrawal from the deal and imposed sanctions on Iran in November of the same year.

To preserve the agreements reached as part of the JCPOA, the European signatories of the deal started in January 2019 that a financial mechanism for maintaining trade with Iran called INSTEX was formed.

On May 8, 2019, Iran announced that it had ceased fulfilling its commitments regarding the sale of over 300 kilograms of uranium, as stated in the deal, basing its decision on the other signatories that have not fulfilled their obligations. On July 7, Iran announced that it will not be fulfilling its commitments regarding the enrichment of uranium at 3.67 percent and the reconstruction of the Arak Heavy Water Reactor Facility as stated in the deal.

Iran announced that it will enrich uranium using next-generation centrifuges and will not mix it with the enriched uranium residues as part of the third step of reducing commitments in JCPOA on Sept.5.

On Nov. 5, 2019, Iran announced that it took the fourth step in connection with reducing its commitments to the nuclear agreement. So, uranium gas is being pumped to the centrifuges at the Fordow Fuel Enrichment Plant.

On Jan.2020, Iran took the last fifth step in reducing the number of its commitments within JCPOA.

The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies, and individuals. The sanctions have resulted in the freezing of Iranian assets abroad.

Iran announced on April 13 that it has begun enriching uranium to 60 percent.

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