TEHRAN, December 29. /TASS/. A total of 197 tons of yellowcake has been delivered to Iran from Russia, the president of the Atomic Energy Organization of Iran, Ali Akbar Salehi, told Iranian reporters on Tuesday.
"The operation to exchange 197 tons of so called yellowcake [uranium concentrate used as fuel for reactor] from Russia for almost 11 tons of enriched uranium has been completed," the IRNA news agency quoted Ali Akbar Salehi as saying.
The key provision of the agreement negotiated by Iran with P5+1 (the United States, Britain, China, France, Russia and Germany is Tehran's commitment to reduce its stockpile of low-enriched uranium to below 300 kg. Iran will be selling any excess amounts of its enriched uranium to keep its stockpile under 300 kilograms. In exchange, Iran has the right to buy uranium ore or its concentrate on the market.