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FINANCIAL NEWS
Syria increases Iranian LPG imports
09 Jul 2012
(MENAFN) National Iranian Oil Products Distribution Company’s managing director, Jalil Salari, stated that Iran has boosted its exports of liquefied petroleum gas (LPG) to Syria, reported Tehran Times.
Salari said that the move comes as international sanctions are hampering the Arab country, which lacks fuel, mainly LPG and gas oil.
On the other hand, Syria’s oil minister, Sufian Alao, stated that since September, the country’s oil industry has lost around USD4 billion due to the US-EU embargo imposed against the country’s export and import of petroleum and petroleum derivatives.
It is worth noting Syria plans to buy liquefied natural gas (LNG) from Iran, according to Syrian oil refining and distribution company’s Managing Director, Nazih Jouhara, who added that Syria needs to import 900,000 tons of LNG per year.
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