Hard Work Ahead in Drafting Final Deal

Hard Work Ahead in Drafting Final Deal  Hard Work Ahead in Drafting Final Deal

Draft of the prospective nuclear deal with the world powers on Tehran's nuclear work is advancing despite the numerous details that are still remaining to be worked out, the foreign minister said, expressing optimism that the nuclear negotiations would eventually open "new vistas" for the country.

"Drafting of the deal is moving forward," IRNA quoted Mohammad Javad Zarif as saying in a message on his twitter account on Sunday. However, he noted that "Hard work and many parentheses are pending."

Iran and the P5+1 (the five permanent members of the United Nations Security Council plus Germany) have been in talks to resolve the long-running dispute over Tehran's nuclear program.

Negotiations leading to a final agreement on the outlines of a final deal announced through a joint statement released on April 2 in Lausanne, are being pursued in New York, where the two sides are working to give the finishing touches to the text of the deal, whose details have to be finalized by June 30.

"(We are) determined to end this manufactured crisis and open new horizons," the message added.

The deal would place constraints on Iran's nuclear program in exchange for lifting international sanctions, which have slowed down the country's economic progress. Iran, with a largely oil-dependent economy, is hoping to regain lost ground in the saturated global oil market after the removal of sanctions, mainly targeting the oil and banking sectors.

"When sanctions are lifted (if the deal is reached), it is our natural and legal right to increase our oil export and expand our market share," Mehr news agency quoted the director of international affairs at the Iranian National Oil Co., Mohsen Ghamsari, as saying in March.

"By selling more crude we are aiming to secure Iran's position in the oil market and  increase our share in the market," he added.

The New York talks started on Thursday and are expected to continue until Tuesday.

In comments on Friday, a nuclear negotiator, Abbas Araqchi, described the text drafting job as "difficult", concurring with Zarif that "many unresolved details" have yet to be settled.

“The first draft will contain many unresolved details and there will be the so-called parentheses (gaps) to be decided later,” Araqchi told state TV.