Iran Nuclear Deal: Full Text and Main Points

Today, 14th July 2015, the so-called E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran reached a potentially historic deal on Iran nuclear program.

The full text of the joint Comprehensive Plan of Action can be read here.

This is a link to a map showing the location of the major Iranian nuclear facilities (I could not personally verify the accuracy of the map but I thought it useful to have a “visual” idea of the situation on the gound).

Below are some of the main points of the Plan as summerized by the newspaper The Telegraph:

• Iran will sacrifice two-thirds of its ability to enrich uranium, the vital process that could be used to make the core of a nuclear bomb. All but 6,000 of Iran’s 19,500 centrifuges will be placed in storage, monitored by the International Atomic Energy Agency (IAEA).

• Iran will export all but 300kg of its entire stockpile of eight tonnes of low-enriched uranium.

• The combined effect these measures will be to place Iran about 12 months away from having enough weapons-grade uranium for one nuclear bomb – compared with its current “breakout” time of three or four months.

• The Fordow enrichment plant, which was built in secret inside a hollowed-out mountain, will be converted into a research centre. Almost two-thirds of the centrifuges in Fordow will be removed and the remaining 1,000 will not be used to enrich uranium.

• Iran’s heavy water plant at Arak will be redesigned and rebuilt to make it impossible to produce weapons-grade plutonium.

• Iran will implement the “Additional Protocol” safeguards agreement, giving IAEA inspectors more powers to monitor its nuclear plants and other facilities.

• Once the IAEA has confirmed that Iran has taken these steps, America and its allies will lift all nuclear-related economic sanctions, including oil embargos and financial restrictions. This could release over $100 billion (£65 billion) of frozen Iranian assets.

• America and its allies will also recognise Iran’s right to enrich uranium for peaceful purposes, as guaranteed by the nuclear non-proliferation treaty.

• Iran will remain subject to a UN arms embargo for five years. Restrictions will stay on its ballistic missile programme for another eight.

Follow me on Twitter @EugenioLilli

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