Iran Registers 30% Rise in Annual LPG Exports

Irans export of liquefied petroleum gas (LPG) increased by about 30 percent during last Iranian year of 1402 (ended March 19), compared to the corresponding figure of its preceding year of 1401, the caretaker manager of the International Affairs department of the National Iranian Gas Company (NIGC) announced.

Speaking on the sidelines of the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition (Iran Oil Show 2024) in Tehran on Thursday, Amir-Houshang Karami said his department could help to increase forex revenues through the export of natural gas and its products, which is often done through private sector.

According to the report of the public relations of the NIGC, Karami stated that the export of natural gas to Iraq increased by 15 percent in the Iranian year of 1402, while the related contract was extended for the next five years.

 "It is obvious that in addition to the commercial benefits, gas export plays an important role in the stability of the country"s energy diplomacy and the strengthening of relations with neighboring and regional countries," he added.

He stated that the presence of the NIGC in the Iran Oil Show 2024, which symbolizes Iran as the second-largest holder of gas reserves in the world, the third producer of natural gas and the most important energy supplier of the country, paves the ground well for international interactions in the field of exporting gas products and condensates as well as techno-engineering services.

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