Iran liquid propane exports tops $900m
Liquid propane ranked first in the list of Iran's exported items
in the first eight months of current Iranian calendar year, which
began March 20, Iran's Customs Administration announced on Monday,
Trend news agency reported.
Liquid butane and propane are called LPG, is Iran's major export
item.
Last solar year, Iran exported $2.06 billion worth of propane,
and $1.3 billion worth of butane, according to Iran's Customs
Organization.
Iran considers petrochemical and condensate exports as non-oil
export items.
LPG, which comprises propane and butane, comes mainly from oil
rather than natural gas, but shippers and insurers are steering
clear of Iranian supplies due to uncertainty over the scope of the
new European Union sanctions.
In 2011 Iran exported about 4 million tons of LPG, worth $4
billion, Reuters reported in October.
Deputy Minister of Industry, Mines and Trade Masoud Movahedi said
on Sunday that Iran exported $28 billion dollars worth of non-oil
goods (including gas condensates) during the first eight months of
current Iranian calendar year.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!