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Iran Eyes 500kt/y LPG Exports to Indonesia

Iran Eyes 500kt/y LPG Exports to Indonesia
(Sunday, June 5, 2016) 12:17

TEHRAN, May 30 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said Iran sees no restrictions to enhancing trade ties with Indonesia, saying Tehran is mulling export of half a million tons of liquefied petroleum gas (LPG) to Indonesia in the next Iranian calendar year which begins on March 20 2017.

  • Speaking to reporters following a meeting with Surdirman Said in his Tehran office on Monday, Zangeneh said the upcoming meeting of the member state of the Organization of Petroleum Exporting Countries (OPEC) was one of the highlights of his meeting with the Indonesian minister of energy and mineral resources. 

    He described his talks with the Indonesian official as good, saying that discussions over the current international oil market were also held in the meeting. 

    "Iran's export of LPG to Indonesia will reach 500,000 tons by the end of the next [Iranian] calendar year," he added.

    Supply of feedstock to Indonesia by Iran and sale of crude oil and gas condensates were also discussed during the meeting, and purchase of Indonesian refinery stocks by Iran through long-term contracts were also considered, he added. 

    Zangeneh also said that Indonesian state-run corporation Pertamina has also indicated willingness to join development projects on Iran's oil fields, and the National Iranian Oil Company will hold talks with the Indonesian energy heavyweight.
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