Iran signs deal to sell large amount of liquefied gas to Indonesia

Iran has signed a deal to sell 80,000 metric tons of Liquefied Petroleum Gas (LPG) to Indonesia, Iran's Petro-Energy Information Network (SHANA) reported on Monday.

According to the contract signed here in the presence of Iranian Minister of Oil Bijan Zangeneh and visiting Indonesian Minister for Energy and Mineral Resources Sudirman Said, Iran will export total amount of 80,000 metric tons of liquefied gas to Indonesia by the end of current Iranian calendar year ending on March 2017.

Based on the deal, Iran will raise its LPG exports to Indonesia to 500, 000 metric tons in the next Iranian calendar year, the report said.

During a meeting with the Indonesian minister on Monday, Zangeneh said "Iran has opened all the doors for cooperation with Indonesian state and private companies and they can join energy projects in areas such as natural gas, petroleum products, petrochemicals as well as joint investments in refining and development of oilfields." Endit