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Iran plans to double LPG exports soon

Business Materials 24 May 2015 12:42 (UTC +04:00)

Baku, Azerbaijan, May 24
By Fatih Karimov - Trend:

Iran plans to double exports of liquefied petroleum gas (LPG) in the near future, said Mohammad-Ali Barati, the managing director of Iran Gas Commercial Company.

Moreover, exports of sulfur will be increased by 25 percent in the current Iranian fiscal year, which began on March 21, Iran's Shana news agency quoted Barati as saying on May 24.

He added that 1.5 million metric tons of sulfur is produced annually in the South Pars gas complex and the Shahid Hasheminejad Refinery. Some 500,000 metric tons of sulfur is exported from the South Pars gas complex, and some 400,000 metric tons of sulfur is exported from the Shahid Hasheminejad Refinery, he said, expressing hope that the figure would rise by 25 percent in the current year.

Sulfur is mainly used in the production of sulfuric acid, plastic and rubber products, asphalt, fertilizers, detergents, and antiseptics, he noted.

Iran plans to export 1 million metric tons of LPG in the current Iranian fiscal year, Azizollah Ramezani, the National Iranian Gas Company's director for international affairs, said on May 16.

Some European and African countries will join customers of Iranian LPG, he added.

Last year, some one million metric tons of LPG was exported to India, China, and some Middle East and neighboring countries, he noted.

Iran's liquid petroleum gas (LPG, composed of butane and propane) export reached $3.646 billion last year. The figures for 2014 indicate that Iran's LPG export broke a historic record in the Gregorian calendar as well.

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