No ban on exporting Iran’s LPG

Oil&Gas Materials 5 December 2015 14:18 (UTC +04:00)

Baku, Azerbaijan, Dec. 5

By Khalid Kazimov - Trend:

Exporting Iran's Liquefied Petroleum Gas (LPG) is not subject to any restrictions, an official with the National Petrochemical Company said.

Saying that the volume of Iran's petrochemical products exported since March 2015 has surpassed $8 million, Ali Mohammad Basaqzadeh, an official with the National Petrochemical Company, added that the country produced 31 million tons of polymer products and petrochemicals in the mentioned period, Mehr news agency reported Dec. 5.

The export of petrochemical products has increased by 8 percent while 12.5 million tons of petrochemicals products have been exported, he added.

According to the official, the total sale of the petrochemicals in the mentioned period stood at 9.5 million tons.

He further said that the volume of the produced petrochemicals in the mentioned period compared to the nominal capacity has increased by 74 percent and boosted by 3 percent compared to the same period last year.

He predicted that the country will produce and supply about 46 million tons of petrochemicals as of the end of the current fiscal year (21 March 2016).

Iran increased its liquid butane and liquid propane exports hugely in the last Iranian fiscal year (ended March 20).

Customs reports say during the period Iran exported some $2.3 billion worth of liquid propane and $1.5 billion worth of liquid butane.

Liquefied petroleum gas or liquid petroleum gas (LPG or LP gas), also referred to as simply propane or butane, are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles.