Tehran (IP) - The CEO of the National Iranian Oil Company (NIOC) said a Foreign Direct Investment of $100 million had been allocated for the establishment of new Liquefied Petroleum Gas (LPG) export terminal in Iran.

Iran PressIran news: Iran's export of LPG saw a 20% rise compared to a year earlier, according to Javad Owji, Iranian oil minister.

Yesterday in the National Government Week, the minister of petroleum issued an order to operate phases 3, 4, and 5 of Iran LNG Company.

Mohsen Khojastehmehr, CEO of NIOC, Monday, reminded the importance of expansion of LPG export capacity as one of the priorities of NIOC, added: "It is necessary to strengthen private companies active in LPG export terminals, and Iranian private  Company called "Petrosanat" entered in this plan."

Announcing that NIOC ordered "Petrosanat" to build an LPG export terminal, he said: "This company built a terminal with an investment of about $100 million, along with other terminals in the region".


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