Iran To Receive Frozen Oil Money, Feb 1 …As Agreement With World Powers Begins, Today

Governor Kashim Shettima of Borno State (3rd-left),inspecting a unit of Centre Pivot Irrigation Equipment, being installed by an American Agro Firm at a farm site on Maidugurikonduga Road under the gricultural transformation programme recently. The unit moves in circle to water crops in dry Season. Photo: NAN

Oil revenue money that
had been frozen under international embargoes is set to start flowing to Iran from February 1, 2014, with a target to cap its nuclear programme.
The Tide learnt that one of the states, Tehran, would receive a first payment of 550 million dollars.
An  Senior U. S. Administrator,  said that the total of 4.2 billion dollars were to be handed over in six months payments to the concerned parties.
In Brussels, the European Union, has promised it would fulfill its promise to partly lift sanction on Iran as part deal.
According to the EU foreign policy chief, Catherine Ashton, the EU sticks to its comments when it concerns sanctions and take all the necessary steps.
Ashton, who spoke through her spokeswoman, Maja Kocijancic, noted that all moves in that direction must be followed, so that what was agreed would also be fulfilled.
Our reporter also gathered that the agreement between Iran and the six World Powers would commence today Monday, January 20, 2014, when Tehran is to start rolling back parts of its nuclear programme.
Meanwhile, the Iranian Deputy Foreign Minister, Abbas Aragchi, has said that those talks could begin in two to three weeks, adding that the venue is not yet decided.