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Iran's LPG Exports On The Rise, As It Sells Oil To China, India And Turkey

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf.

Iran has loaded 573,000 tons of Liquefied petroleum gas (LPG) in June 2019, marking a 31 percent rise in comparison to May, and a 46 percent increase compared to same month last layer, Kpler, a firm that tracks the movement of oil tankers, told Radio Farda on Thursday July 4.

Nearly all of the Iranian gas exports, except 9 thousand tons, ended up in China, the report said. Last year, only two thirds of Iran's gas exports went to China.

Liquefied petroleum gas (LPG) is Iran's third biggest export item after oil and petrochemical products. The LPG export figure for last month is the largest since August 2018.

Meanwhile, Iran exported 186,000 barrels of oil per day to China during the past month. Some two thirds of this amount was delivered to China after the U.S. ended a sanction exemption for Beijing on May 2.

Kpler told Radio Farda that Iran loaded a total of 532,000 b/d of crude in June, most of that remained unsold.

Iran Oil Deliveries To China, Turkey and India in thousands of barrels per day
Iran Oil Deliveries To China, Turkey and India in thousands of barrels per day

According to Kpler, the oil tanker Salina, which was the subject of a controversial report on Iran's state TV recently, delivered one million and 50 thousand barrels of oil to China and another Iranian tanker, The Horse, carried two million and 130 thousand barrels of crude oil to Chinese ports.

Turkey has also received a one million and 30 thousand barrel shipment from Iran, the report added.

This comes while the United States has sanctioned all Iranian oil exports to all countries since May 2.

In another development, the Politico reported on Wednesday that China and the United States have held negotiations for granting a sanction waiver to the Chinese company Sinopec to buy oil from Iran.

The company has made investments in the oil zone West of the river Karoun in Iran's Khouzestan Province. Reports say Iran owes money to Chinese companies Sinopec and CNPC for their help in developing its oil fields. Both companies have received oil from Iran.

Earlier reports said Iran also owed money to Indian companies involved in the construction business in Iran and had promised to pay back its debt in oil shipments.

It is still not known why Turkey has bought oil from Iran and whether Ankara is planning to ignore U.S. sanctions against Iran.