Iran plans to export 1M tons of LPG

Business Materials 16 May 2015 19:49 (UTC +04:00)

Baku, Azerbaijan, May 16

By Fatih Karimov - Trend: Iran plans to export 1 million metric tons of liquefied petroleum gas (LPG) in the current Iranian fiscal year, which began on March 21, said Azizollah Ramezani, the National Iranian Gas Company's director for international affairs.

Some European and African countries will join customers of Iranian LPG, Iran's Mehr news agency quoted Ramezani as saying on May 16.

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 Iranian fiscal year.

Iran's total non-oil exports in 2014 stood at $34.777 billion.

Before the imposition of tough sanctions on Iran in mid-2012, Iran's annual propane and butane exports were 3.392 million metric tons, which decreased by 28 percent in the Iranian year to March 2013.

During its last fiscal year, Iran exported 2.544 million tons, 1000 metric tons more than the previous year.

Propane and butane shares more than 10.5 percent of Iran's total non-oil exports, which reached $29.357 billion. Iran also exported 4.06 million tons of propane and butane in 2014, indicating more than a two-fold increase year-to-year.