Iranian Foreign Minister Manouchehr Mottaki said Friday that the quantity of low-enriched uranium Iran wants to transfer to the third county should be “based on our need”, and should be “decided by our side.”

On Tuesday, Iranian President Mahmoud Ahmadinejad expressed openness to a bulk transfer of his nation's uranium, which was proposed by the International Atomic Energy Agency (IAEA) and denied by Iran for several months.

"The most important point is the political will. Personally I feel this will is there," Mottaki said in the annual Munich Security Conference.