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Iran exports 10th gas condensate consignment from South Pars Phase 12

Oil&Gas Materials 15 March 2015 18:37 (UTC +04:00)

Baku, Azerbaijan, Mar. 15

By Fatih Karimov - Trend: Iran exported the 10th gas condensate consignment from its South Pars gas field Phase 12.

Rasoul Fallahnejad, the project manager of Phase 12, said one million barrels of gas condensate has been recently exported, Iran's Shana news agency reported on March 15.

To date, 11.3 million barrels of gas condensate has been exported from Phase 12 of the gas field, he added.

During the past month, some 65 million cubic meters of gas was produced in Phase 12, he noted.

According to a report published by Iran Custom Administration March 2, Iran's revenues from exporting 18.186 million metric tons of gas condensate during eleven months of current fiscal year reached $13.673 billion, indicates 52.53 percent and 43.76 percent increase in volume and value respectively.

Iran's fiscal year starts on March 21.

Phase 12 is the biggest phase of the gas field with the projected output capacity of 85 million cubic meters per day.

The phase is also projected to produce 120,000 barrels of gas condensates and 750 metric tons of sulfur daily.

South Pars, a non-associated gas field located offshore in the middle of the Gulf, is Iran's largest gas field. South Pars is a portion of a larger gas structure that straddles the territorial water borders of Iran and Qatar. It is called the North field in Qatar.

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