Iran to get access to billions of dollars under atom deal -US

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In a fact-sheet the White House distributed on the interim agreement, Iran would receive sanctions relief in exchange for a suspension of some aspects of its nuclear program, including the following:

- Potential access to $1.5 billion in revenue from trade in gold and precious metals and the suspension of some sanctions on Iran's auto sector, and Iran's petrochemical exports;

- Allow purchases of Iranian oil to remain at their currently significantly reduced levels. "$4.2 billion from these sales will be allowed to be transferred in installments if, and as, Iran fulfills its commitments," the fact-sheet said. (Reporting by Louis Charbonneau)

FILED UNDER: Energy Industrials

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