(MENAFN) Ahmad Bahoush, the managing director of South Pars Gas Company (SPGC), has recently announced that the production of liquefied petroleum gas (LPG) at the complex has increased by 42% during the current Iranian calendar year, which ends on March 20. This impressive growth is due to the innovative measures taken by the company to boost the production of LPG. The increase in production is particularly significant, given that Iran is one of the world's largest producers of natural gas, and LPG is a valuable byproduct of natural gas production.
The rise in LPG production at SPGC comes as Iran seeks to increase its non-oil exports to boost its economy, which has been struggling under the weight of international sanctions. According to data released by the Islamic Republic of Iran Customs Administration (IRICA) in January, the value of Iran's LPG exports has risen by 86 percent from the start of the current Iranian calendar year until December 31, 2022, compared to the same period in the previous year. This increase in exports is a positive development for Iran's economy, as it helps to diversify the country's sources of income and reduce its dependence on oil.
Overall, the growth in LPG production at SPGC and the increase in Iran's LPG exports are positive indicators for the country's economy. With innovative measures and investment in the natural gas sector, Iran can continue to boost the production of LPG and other valuable byproducts of natural gas production, further diversifying its economy and reducing its dependence on oil.
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