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Iran has reportedly agreed to suspend its uranium purification program and to allow snap inspections of its nuclear facilities in return for unspecified technical aid from western countries. Iran claims that its nuclear program is intended to produce energy to replace fossil fuels. This would appear to be very uneconomical since Iran has almost 10% of the world's oil reserves and 16% of the world's gas reserves. A reactor typically costs 2000/KW capacity to build, while a gas turbine generator costs $500 at present.
Details of the agreement worked out between EU diplomats and Iran have not been released, as is evident from the report below.
Iran 'agrees' to key nuclear demands
Iran has reportedly agreed to sign up to tougher United Nations inspections of its nuclear
Few details have yet emerged of the deal which appears to signal that Iran has satisfied two
The Vienna-based International Atomic Energy Agency (IAEA) has given Iran until 31 October to
Iran agreed full co-operation with the IAEA, France's Foreign Minister Dominique de Villepin
"This is a very important day," Mr de Villepin said. "We were facing a major issue.
Earlier on Tuesday, Iran's Foreign Minister Kamal Kharrazi promised "total transparency" on
As well as meeting Mr Kharrazi, the EU ministers held talks with the head of the Supreme
The European ministers were expected to offer to help Iran have access to technology for
Germany's Joschka Fischer said it was a question of trust and transparency and had warned of a
The BBC's Tehran correspondent Jim Muir says the three European ministers clearly would not
Quid pro quo?
Iranian President Mohammad Khatami is scheduled to meet Mr Fischer and his British and French
After meeting the ministers, Mr Kharrazi said his country was ready for "total transparency
But, he insisted, "what's legitimate for us should be respected as well as our dignity and
And Mr Fischer spoke of "a crucial moment in the international situation".
"It is a question of trust and transparency. If we can agree today it would be a step forward,
Behind the scenes
The European initiative is part of a larger package being spearheaded by the IAEA, which has
According to diplomats, France, Germany and the UK have been engaged in a secretive effort to
The agency is also seeking clarification on traces of highly enriched uranium found in samples
Iran insists the traces were the result of contamination on imported equipment.
The three EU countries are believed to have offered technical assistance to Iran in exchange
However, diplomats have said that not all outstanding issues had been resolved ahead of the
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