Iran and P5+1 gave nod for nuclear agreement Joint Comprehensive Plan of Action (JCPOA)
According to the agreement Iran will limit its nuclear enrichment capacity, enrichment level and stockpile for specified durations and there will be no enrichment facility other than the one at Natanz.
Iran, the P5+1 and the European Union (EU) on 2 April 2015 conceded on a framework agreement called as Joint Comprehensive Plan of Action (JCPOA) intended to stop Iran from developing nuclear weapons.
The agreement was reached at Lausanne's Beau-Rivage Palace hotel in Switzerland.
The informal framework agreement will be used as the basis for evolving the final draft of JCPOA by 30 June 2015.
P5+1 include all the permanent members of the United Nations Security Council (UNSC) viz., the US, the UK, France, China and Russia plus Germany.
What Iran will do under the Agreement?
• Iran will use only the facility at Natanz to enrich uranium.
• Iran will reduce about two-thirds of its installed centrifuges (equipment used to enrich uranium) from 19000 to 6104, with only 5060 of these will be used for enriching uranium for 10 years.
• Iran will not use its advanced centrifuges, such as the IR-2, IR-4, IR-5, IR-6, or IR-8 models, to produce enriched uranium for at least 10 years. Iran will only engage in limited research and development with these advanced centrifuges.
• The centrifuges that are no longer in use will be placed in IAEA-monitored storage and be used only as replacements.
• Iran will not enrich uranium over 3.67 percent for at least 15 years.
• Iran would reduce its current stockpile of 10000 kg of Low-Enriched Uranium (LEU) to 300 kg of 3.67 pecent LEU for 15 years.
• Iran will not use the nuclear facility at Fordow, near the city of Qom, for the purpose of uranium enrichment for at least 15 years. It will be converted as a research centre meant for peaceful purposes. In addition, no fissile material will be allowed at the facility.
• Iran will redesign and rebuild a heavy water research reactor in Arak, based on a design that is agreed to by the western powers, so that it will not be used to produce weapons-grade plutonium and support only peaceful research.
• Iran will provide regular access to the International Automic Energy Agency (IAEA) to its nuclear programme supply chain including uranium mines and mills and the enrichment facilities at Natanz and Fordow to prevent diversion to a secret programme.
• Iran will also implement the Additional Protocol of the IAEA, providing the IAEA greater access and information regarding its nuclear programme, including both declared and undeclared facilities.
• A dedicated procurement channel for Iran’s nuclear programme will be established to monitor and approve, on a case by case basis, the supply, sale, or transfer to Iran of nuclear-related and dual use materials and technology.
What Iran will get under the Agreement?
• The sanctions imposed by the US, the EU and the UN will be lifted in phases depending upon the progress made by Iran in implementing its commitments under the agreement.
• In case of the US the nuclear related sanctions will be lifted once the IAEA verified that Iran has taken all the key nuclear-related steps provided by the agreement. However, sanctions related to terrorism, rights abuses and ballistic missiles will remain in place.