November 13, 2015 — GOLDASHT, Iran (AP) ” On the shores of the Caspian Sea, an ambitious project is underway to produce a pricey delicacy that could boost Iran’s economy as sanctions ease: caviar.

Iran, once the world’s biggest exporter of the luxury food, sold over 40 tons of sturgeon eggs in 2000. Exports plunged to just 1 ton last year due to dwindling fish stocks and economic sanctions imposed by world powers in response to Iran’s nuclear program.

After Tehran struck a landmark deal this summer to curb its nuclear ambitions in exchange for lifting sanctions ” including those on caviar ” some in Iran are now counting on a revival in exports of the exclusive eggs.

“We hope that as a result of the Iranian government’s interaction with the world, the path will be opened for us to export our products abroad and bring in foreign currency earnings. It does not make a difference where we export to, the United States or Europe,” said Ishaq Islami, manager of the private Ghareh Boron Caviar Fish Farm in the coastal village of Goldasht.

The farm and two nearby facilities are breeding half a million sturgeon fingerlings a year, filling its pools with water pumped in from the Caspian Sea.

Islami began the $100 million project in 2005 but it takes at least 12 years for sturgeon to mature and produce caviar. About 110,000 are beluga species that produce prized silver-gray eggs, the world’s most expensive caviar.

The fish farm aims to export 30 tons of salt-cured caviar and 2,000 tons of sturgeon meat in three years. Islami expects to earn $90 million a year based on an average price of $3,000 a kilogram (about $1,360 a pound) for caviar. The United States, Europe and Japan have traditionally been Iran’s biggest export markets.

Read the full story from the Associated Press at the New Bedford Standard-Times