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Lebanon to import furnace oil, LPG from Iran

Business Materials 18 May 2013 11:54 (UTC +04:00)

Azerbaijan, Baku, May.18/ Trend F.Karimov/

Lebanon has welcomed importing furnace oil and LPG from Iran, the Mehr News Agency reported.

The two sides have recently negotiated for exporting Iranian furnac eoil and LPG to Lebanon.

Iran has also proposed to launch smart card fuel rationing system in Lebanon.

Lebanon will be the second Asian country after South Korea which will import LPG from Iran.

Earlier this month, the Mehr News Agency quoted Deputy Oil Minister Alireza Zeighami as saying that Iran is currently exporting 20 million liters of oil products per day.

He also said that crude oil refining capacity has increased to 1.8 million barrels per day.

Strategic reserves of gasoline and diesel fuel will be increased by 1.3 billion liters in the current year, he noted.

Iran exported more than one million tons of oil products in the past Iranian calendar year, which ended on March 20, the Mehr News Agency reported.

Over one million tons of diesel fuel, kerosene, furnace oil, and naphtha were exported to different countries, mainly to the Persian Gulf states, and Southeast Asia.

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