Iran Plans to Double Its Liquefied Petroleum Gas Production Capacity

Iran plans to double its liquefied petroleum gas (LPG) production capacities following the development of the South Pars gas field, Safar Ali Keramati, the deputy head of the National Iranian Oil Company (NIOC), said.

MOSCOW (Sputnik) – Safar Ali Keramati told the International Bitumen and LPG Seminar in Tehran on Monday that the country is developing major infrastructural projects aimed at boosting its export capacities, the Shana Petro Energy Information Network reported Monday.

The NIOC deputy head  noted that the removal of sanctions will have a great and positive impact on Iran's presence in the global market adding that the country managed to retain its LPG market share even under the sanctions regime, producing eight million tons of liquefied gas per year.

In August 2015, Tehran and six international mediators, including Russia, reached a historic deal with Iran to ensure the peaceful nature of its nuclear program in exchange for the removal of anti-Tehran sanctions, in particular on the energy sector.

In mid-January, the sanctions were removed after the International Atomic Energy Agency verified Tehran’s compliance with the nuclear agreement. The move makes it possible for Iran to once again become an active player on the global oil market.