Iran hopes to increase its liquefied petroleum gas as the country doubles its fleet carriers for shipment, Mohammad Souri, Iran's deputy petroleum minister for strategic affairs said Wednesday.
Souri, who talked to the Iranian Press TV, said that the fifteen carriers which have been purchased in the last years, have now joined the fleet for LPG cargoes.
'LPG shipment capacity will increase with the arrival of the new ships,' Souri said.
He admitted that the U.S. and European sanctions have hit LPG exports which had then to be transported by foreign companies.
LPG is a hydrocarbon consisting of propane and butane. Propane is a gas that can power cars as LPG, as well as having the capability to heat homes.
The production of Iran's gas products have not been the target of sanctions and the possibility of increased transportation of these goods will allow Iran to increase its LPG sales.
Due to Iran's nuclear enrichment program, western powers imposed a number of sanctions on the country. Iran hopes for their complete removal of sanctions with the successful conclusion of nuclear negotiations so that it can raise its oil exports.
Iran produces three million barrels of crude oil per day, but due to the sanctions, can only export a little over one million barrels daily.
Iran has lost 60 percent of its exports and now aims to return to its former status as one of the leading oil-exporting nations.
By Murat Temizer