Iran increases LNG production by 14 percent
Azerbaijan, Baku, Sept. 4 /Trend/
Iran has increased LNG production in the first five months of current solar year (started on March 20, 2011) by 14 percent to 580,000 tons, IRNA reported quoting a manager for production control at National Iranian Gas Company Mehdi Jamshidi Dana as saying.
"The country's refineries increased LNG production by 14 percent during the past five months to 580,000 tons," he said.
Iran's refineries produced 55.2 billion cubic meters natural gas, 339,000 tons sulfur and a total of 8.6 million cubic meters gas condensates.
He noted the National Iranian Gas Company completed 75 percent of first refinery units in South Pars.
Iran plans to increase petrochemical production capacity by more than 55 million tons over the next five years. However it requires annual investment of $5 billion.
The National Petrochemical Company reported $415,000 invested on petrochemical industry during past two years.