Director general of the Association of Petrochemical Industry Corporations (APIC) Ahmad Mahdavi touched upon the latest status of Irans LPG exports in the post sanction era saying at the present, insurance issues and supplying of LPG carriers have been relatively solved as no limitation is perceived for the exports of the Iranian product.
The official, while confirming the cessation of LPG exports to Japan, asserted currently, a myriad of customers are calling for Irans liquid gas to the extent that the demand exceeds the supply.
Recalling that LPG exports is currently carried out through presale process due to high demand in the market, Mahdavi emphasized one major obstacle facing LPG exports has been supplying of ships; however, during the past few months and following the removal of sanctions, some buyers of Irans liquefied gas have managed to receive the product through their own LPG carriers.
APIC managing director further highlighted that despite the termination of liquid gas exports to Japan, Irans LPG has its own customers.
All oil sale contracts with Japanese refineries have been extended for the year 2016.
Moreover, following the negotiations with Japans Marubeni and Inpex, a new round of Japanese companies activities in Irans oil refinery industries have begun for investment and partnership in development of the countrys upstream oil and gas sectors.
In time with the resumption of activities by Japan Cooperation Center, Petroleum(JCCP)in the Iranian oil refinery industry, a fresh round of talks has been launched with the East Asian countrys JX Nippon Oil & Energy Corporation (NOC) over participation in the plan to reduce fuel oil production in Tabriz refinery.
By Mehr News Agency
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