Jul 12, 2014, 1:43 PM
News Code: 2721009
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Iran to sell more LPG

Tehran, July 12, IRNA - Iran has added 12 liquefied petroleum gas (LPG) carriers in order to export more products, said an aide to Petroleum Minister Bijan Namdar Zanganeh.

Mohammad Souri said Iran could not export LPG and petrochemical products sufficiently in the past years due to shortage of LPG carriers.

“Now, with the purchase of 12 vessels, it is possible to export these products,” SHANA quoted Souri as saying on Saturday.

Until recently, Iran had only eight vessels for carrying LPG and petrochemical products, he noted.

“We hope that the export of these products will increase although we are still facing shortages,” Souri said.

The National Iranian Gas Company (NIGC) is eyeing selling $1b of LPG.

LPG, also referred to as simply propane or butane, is a flammable mixture of hydrocarbon gases used as a fuel in heating appliances, cooking equipment, and vehicles.