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Iran Uranium Stockpile Dropped 82% After Nuclear Accord

Photographer: Kazem Ghane /AFP via Getty Images

Unidentified International Atomic Energy Agency (IAEA) inspectors and Iranian technicians disconnect the connections between the twin cascades for 20 percent uranium production at the nuclear power plant of Natanz on Jan., 20, 2014. Close

Unidentified International Atomic Energy Agency (IAEA) inspectors and Iranian... Read More

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Photographer: Kazem Ghane /AFP via Getty Images

Unidentified International Atomic Energy Agency (IAEA) inspectors and Iranian technicians disconnect the connections between the twin cascades for 20 percent uranium production at the nuclear power plant of Natanz on Jan., 20, 2014.

Iran’s stockpile of its most sensitive nuclear material has dropped 82 percent since world powers implemented an interim deal with the Islamic Republic, United Nations nuclear inspectors said.

Iran’s stockpile of uranium enriched to 20 percent fell to 38.4 kilograms (84 pounds) from 209 kilograms reported in January, International Atomic Energy Agency monitors said today in an 19-page report. The country has diluted or converted 123 kilograms of the material in the three months since the IAEA’s last report.

Transparency measures “have been implemented by Iran as planned,” the IAEA said. “Iran’s engagement with the agency, including the provision of information, and the Agency’s ongoing analysis is helping the agency to gain a better understanding of Iran’s nuclear program.”

The scheduled IAEA report shows how efforts to resolve the decade-long standoff over Iran’s nuclear work are affecting uranium output. Iran agreed to voluntarily cap its enrichment activity for six months in return for limited sanctions relief. Diplomats aim to reach a permanent accord by July.

Dual Use

Iran, with the world’s No. 4 proven oil reserves, also showed the agency new documents “to substantiate its need and application” of dual-use detonators widely used in petroleum mining and nuclear weapons, the agency reported. The IAEA continues to assess the information, it said.

About 175 kilograms of 20 percent-enriched uranium, or 630 kilograms of low-enriched uranium, if further purified, could yield the quantity of weapons-grade uranium needed to produce a bomb, according to the London-based Verification Research, Training and Information Center, a non-governmental observer to the IAEA that’s funded by European governments.

To contact the reporter on this story: Jonathan Tirone in Vienna at jtirone@bloomberg.net

To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net Ben Holland, Leon Mangasarian

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