UNITED24 - Make a charitable donation in support of Ukraine!

Weapons of Mass Destruction (WMD)

Final N. deal to facilitate Iranian oil tankers' presence in European market

ISNA - Iranian Students' News Agency

Mon 6 Apr 2015 - 10:17

TEHRAN (ISNA)- The final nuclear deal between Iran and the five permanent members of the UN Security Council plus Germany would pave the way for Iranian oil tankers' presence in European market, said Managing Director of National Iranian Tanker Company (NITC) Ali Akbar Safaei.

Iranian companies have already made arrangements with European countries for oil transport and traffic in all ports, he said, adding the companies are now waiting for the final deal and time of lifting sanctions.

The NITC fleet is one of the youngest one in the world and is ready to resume its activities in European markets, he said.

Safaie noted that the NITC fleet includes 60 VLCC vessels capable of carrying 100 million tons of oil shipment, and are now transporting crude to intended international destinations.

Iran and the G5+1 states – the US, France, Britain, Russia and China plus Germany – issued a joint statement at the end of eight days of sensitive nuclear negotiations in the Swiss city of Lausanne on April 2.

According to the statement, no Iranian nuclear facility will be shut down or suspended while all sanctions against the Islamic Republic will be terminated.

Iran and the six global powers will work to draw up a final accord by the end of the self-designated June 30 deadline.

According to the joint statement, Iran's Fordow nuclear facility will be turned into a research center for nuclear science and physics. It also said the heavy water reactor in the Iranian city of Arak will remain in place, but will be redesigned and updated. Iran will implement the Additional Protocol temporarily and voluntarily in line with its confidence-building measures and after that the protocol will be ratified within a time frame by the Iranian government and Parliament.

End Item

Join the GlobalSecurity.org mailing list