Economy

Iran LPG exports increase by 15 percent month-on-month

Exports of liquified petroleum gas reach 300,000 metric tonnes in September

13.09.2014 - Update : 13.09.2014
Iran LPG exports increase by 15 percent month-on-month

TEHRAN, Iran 

Iran increased its exports of liquefied petroleum gas by 15 percent between August and September to 300,000 metric tonnes, according to Islamic Republic of Iran Shipping Lines.

China imported 240,000mt of liquefied petroleum gas, known as LPG, from Iran while India received 45,000mt, according the shipping agency’s report.

Iranian LPG monthly exports reached a peak of 319,000mt in May, close to the export volumes seen before the European Union imposed sanctions in July 2012.

Since January, Iran has exported 2.1 million metric tonnes of LPG to Asia, most of it going to China but also to India, South Korea and other South East Asian countries.

The Iranian oil ministry has announced that a new refinery is close to completion and will produce 4 million liters of LPG per day.

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