Iran to return to nuclear deal only under oil credit line: Fars

Published: September 4, 2019
Email
 Iran's top nuclear negotiator Abbas Araqchi attends a meeting of the JCPOA Joint Commission in Vienna.PHOTO: REUTERS

Iran's top nuclear negotiator Abbas Araqchi attends a meeting of the JCPOA Joint Commission in Vienna.PHOTO: REUTERS

A senior Iranian official confirmed on Wednesday that Tehran would return to its nuclear deal commitment only if it got $15 billion for oil sales over four months, as stipulated in a draft French plan to salvage the accord, the Fars news agency said.

France has proposed offering Iran about $15 billion in credit lines until year-end if Tehran comes fully back into compliance with its 2015 nuclear deal, a move that hinges on Washington not blocking it.

“Our return to the full implementation of the nuclear accord is subject to the receipt of $15 billion over a four-month period, otherwise the process of reducing Iran’s commitments will continue,” Fars quoted Deputy Foreign Minister Abbas Araqchi as saying.

Iran shows off undamaged satellite after failed launch

“Either Europe has to buy oil from Iran or provide Iran with the equivalent of selling oil as a credit line guaranteed by Iran’s oil revenues, which in some sense means a pre-sale of oil,” Araqchi added.

Iran’s vital oil sales have plummeted since the United States withdrew from the nuclear deal last year and reimposed sanctions on Tehran.

But Araqchi said there were still “serious disagreements on the agenda” of any future talks between Iran and its nuclear deal partners.

Facebook Conversations

Leave Your Reply Below

Your comments may appear in The Express Tribune paper. For this reason we encourage you to provide your city. The Express Tribune does not bear any responsibility for user comments.

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

More in World