Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Iran plans no changes to nuclear centrifuges, IAEA ties: spokesman

Published 05/16/2019, 06:16 AM
Updated 05/16/2019, 06:20 AM
© Reuters. FILE PHOTO: The Iranian flag flutters in front the International Atomic Energy Agency (IAEA) headquarters in Vienna

DUBAI (Reuters) - Iran has no plans to launch centrifuge machines able to enrich uranium at higher capacity or to alter its relations with the U.N. nuclear watchdog, the spokesman for its civilian nuclear agency was quoted as saying on Thursday.

Last week, Iran notified China, France, Germany, Russia and Britain that would scale back some commitments under its 2015 nuclear deal, a year after the United States withdrew from the pact and reimposed sanctions on Tehran.

Iran’s initial moves, involving the stockpiling of some nuclear materials, did not appear to violate the deal's terms.

But Iran warned that unless the other signatories to the deal protect Iran’s economy from U.S. sanctions within 60 days, Tehran would start refining uranium to a fissile purity above that deemed suitable for fuelling civilian power plants.

"We do not currently have any plan to increase capacity and production process by changing the capacity of centrifuges," Behrouz Kamalvandi, spokesman of the Atomic Energy Organization of Iran, told the semi-official news agency ISNA.

"Increasing the capacity and production process is being carried out with the same number of already installed centrifuges in Natanz (enrichment plant)," Kamalvandi said.

Regarding enhanced monitoring of Iranian nuclear sites by the IAEA under the deal, "in some stages, and to carry out some technical work, the IAEA needs to be informed in advance, which has been done and is being done," ISNA quoted him as saying.

The restrictions on uranium enrichment accepted by Iran under the deal were aimed at extending the time it would need to produce a nuclear bomb, if it chose to, to a year from roughly 2-3 months. The United States and the IAEA believe Iran had a clandestine nuclear weapons program that it later abandoned. Tehran denies ever having had one.

The deal imposes a 15-year cap on the level of purity to which Iran can enrich uranium at 3.67 percent, far below the 90 percent of weapons grade. It is also well below the 20 percent level to which Iran enriched uranium before the deal.

Iran is also allowed to refine uranium only with its first-generation, lower-capacity IR-1 centrifuges. It can use small numbers of more advanced centrifuges for research, but without accumulating enriched uranium.

© Reuters. FILE PHOTO: The Iranian flag flutters in front the International Atomic Energy Agency (IAEA) headquarters in Vienna

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.