25 Apr 2024
Sunday 18 May 2014 - 16:02
Story Code : 96441

Italy, Spain seeking to import LPG from Iran

TEHRAN (Tasnim) An Iranian energy official said two European countries have expressed willingness to purchase Liquefied Petroleum Gas (LPG) from Iran.



CEO of the Iranian Gas Commercial Company (IGCC) Mohammad Ali Barati told the Tasnim News Agency that Spain and Italy have so far sought to import Irans LPG.

Some companies from these two countries have requested (to buy) 100,000 tons (of LPG) from us and, of course, the quantity can rise, he stated.

Barati said Irans LPG and sulfur exports mainly go to China, India, Indonesia and South Korea, adding that no mechanisms have so far been defined for supplying these products to Europe.

But it is among our objectives to export LPG to Europe. (Hence) we will make efforts to provide the (required) conditions.

Barati had said last year that Iran annually reaps nearly USD one billion from exporting sulfur and LPG to world markets.

The Islamic Republic, which holds the worlds third-largest proven oil reserves and the largest natural gas reserves, has been trying to enhance its gas production by attracting foreign and domestic investment.

The country is also determined to become the biggest petrochemical producer in the Middle East.

By Tasnim News Agency

 

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