Iran registers 30% rise in annual LPG exports

Iran’s 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 (ended March 20, 2023), announced the caretaker of the International Affairs Department of the National Iranian Gas Company (NIGC).
Amir-Houshang Karami has said his department can help to increase forex revenues through the export of natural gas and its products, which is often done through private sector.
The department can provide better conditions for the development of investment, employment and promotion of gross domestic product (GDP), the official added.
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, Karami stated noting that “It is obvious that in addition to the commercial benefits, it plays an important role in the stability of the country’s energy diplomacy and the strengthening of relations with neighboring and regional countries.”
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