Head of the Atomic Energy Organization of Iran (AEOI) Fereydoun Abbasi says the Islamic Republic is prepared to export its nuclear products and services.

“We intend to export nuclear material and services to other countries of the world in order to establish our standing in the global market,” Abbasi said at a news briefing in Tehran on Saturday.

He also stressed the need for the participation of other countries in Iran's nuclear activities, saying participation can be used as a “deterrent factor” as far as passive defense is concerned.

Abbasi went on to say that, through standardization of its products, Iran intends to become a scientific, industrial and managerial hub in the Middle East region.

On March 7, IAEA Director General Yukiya Amano confirmed that Iran is not after a nuclear arms program.

Iran has vehemently refuted allegations leveled by the US and its allies against the country, arguing that as a signatory to the Nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, Tehran has the right to use nuclear technology for peaceful applications.