|Iran achieves self-sufficiency in LPG production||
An Iranian deputy oil minister says the country has become self-sufficient in the production of liquefied petroleum gas (LPG).
Alireza Zeighami said on Sunday that Iran has stopped importing 800 tons a day of LPG from neighboring states after achieving self-sufficiency.
“Following complete development … of Imam Khomeini Refinery in [the city of] Shazand [near the central city] of Arak, 1,500 tons per day of LPG in excess of domestic demand is now produced in the country,” he added.
Zeighami, who is also managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), stated that Iran will be exporting its surplus LPG in the future.
The official said Iran is currently producing 12.5 million liters of LPG per day, up from nine million liters in 2005.
Iran is expected to deliver its first consignment of LPG to international markets before March 2014.
Iran LNG Company (ILC) announced on April 12 that it plans to launch the country’s first LNG plant with an estimated capital investment of USD 5 billion. The facility would start its early production when half that sum is provided.
The first phase of the plant (65-percent complete) includes a 1,100-megawatt power plant, storage facilities for LNG and LPG, as well as offshore docks.
The plant would be able to produce 10.5 million tons per year of LNG, earning the country more than USD 20 million a day.
(Source: Press TV)
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