11 July 2016 - 12:02
  • News Code: 264676
Iran Offers Vessel LPG Loads at IRENEX

TEHRAN, July 11 (Shana) – A senior energy distribution official says Iran will start offering liquefied petroleum gas (LPG) cargoes at the international ring of the Iran Energy Exchange (IRENEX) in vessel loads.

Speaking to Shana, Director of Exports and Imports of the National Iranian Oil Products Distribution Company (NIOPDC) Amir Vakilzadeh said LPG trading in the international hall of the market was previously only for land LPG cargoes but measures are taken to offer the item through vessels to customers as well. 

He said Iran exported a total of 80,000 tons of LPG over the first two months of the current Iranian calendar year which began on March 20. 

The official also said that no LPG will be flared in the current year in Iran and all the country's output will be exported. 

He said this is a major achievement for NIOPDC which hopes to raise the country's LPG exports in the coming days of the current year.

Iran is currently sending ISO tanks of LPG for African customers. 

The country's export of the item quadrupled in the last calendar year compared to the preceding year and crossed 127,000 in the year that ended on March 19 2016. 

Afghanistan, Pakistan, Iraq and a number of African countries are the main destinations of Iranian LPG. 
News Code 264676

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