Iran 4-month gas condensate exports increase by 48%

Jul 31, 2013 12:00 AM

Iran has exported 3.29 million tons of gas condensate valued at $2.918 billion from the Pars Special Economic Energy Zone (PSEEZ) in the first four months of the current Iranian calendar year (started March 21), marking a 48-percent rise in weight compared to the corresponding period last year.

Director General of the PSEEZ Customs Department Ahmad Pourheidar said that condensate export from the zone also rose by 80 percent in value during the four-month period.

He said gas condensate accounted for 55 percent in weight and 61 percent in value of the entire commodities exported from the PSEEZ, adding that the main destinations for the Iranian condensate were China, Japan, the United Arab Emirates, India, Indonesia, the Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam, and Afghanistan.

Pourheidar further noted that $4.70 billion worth of commodities were exported from the PSEEZ in the first four months of the current Iranian calendar year.

The official noted that 5.989 million tons of goods, including low-density polyethylene (LDPE) and high-density polyethylene (HDPE), gas condensate, propane, butane, benzene, and paraxylene were exported from the energy zone, marking a 19-percent growth in weight and nine-percent rise in value compared to corresponding period in the preceding year.

He added that 67,818 tons of commodities worth $592.44 million were also imported during the four-month period, the most important of which included equipment for oil refineries plus chemicals used in petrochemical plants.

The South Pars gas field is located in the Persian Gulf straddling the common border between Iran and Qatar. It is estimated that the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensate.

The field covers an area of 3,700 square kilometers. The gas production projects in the Pars Special Economic Energy Zone have been divided into 28 phases.

Iranian Oil Minister Rostam Qasemi announced on July 31 that all phases of the South Pars gas field will come on stream in 2015.

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