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Iran denies gas condensate export to Poland

Oil&Gas Materials 28 April 2015 11:57 (UTC +04:00)

Baku, Azerbaijan, Apr. 28

By Dalga Khatinoglu - Trend:

A day after Poland denied any Iranian gas condensate intake, a senior Iranian oil official said that Tehran hasn't exported gas condensate to this country.

Reuters quoted traders on April 24 as saying that Poland's largest oil refiner PKN Orlen has delivered a gas condensate cargo of Iranian origin for its Mazeikiai refinery in Lithuania.

Traders said that the 122,000 metric ton cargo was shipped to the port of Butinge.

Poland's largest oil refiner PKN Orlen said on Monday it did not deliver a gas condensate cargo of Iranian origin to its Mazeikiai refinery in Lithuania.

On the other hand, Mohsen Ghamsari, international affairs director at the National Iranian Oil Company told Shana that Iran hasn't exported any gas condensate to Poland.

Iran resumed gas condensate exports to above the pre-sanctions level during the last fiscal year (March 21, 2014 - March 21, 2015).

The country exported over $14 billion worth of gas condensate per year, according to the Customs Administration's latest monthly report, released Apr. 8.

The report said Iran exported 19.124 million metric tons of natural gas condensate during last year, or an average of 440,113 barrels per day, which indicates a 44.64 percent increase year-on-year.

However, the figure doesn't indicate the exact amount of gas condensate sold by Iran. It just indicates the uploaded volume and the volumes shipped to global markets. For instance, Iran reportedly stores a part of its condensate in China.

In mid-2012, the US and European Union imposed tight sanctions to force Iran to curb its sensitive nuclear activities, which has led to decline of the country's condensate export from 270,000 barrels per day in 2011 to below 160,000 barrels in mid-2013, but after easing the sanctions due to interim nuclear deal achieved in November 2013, Iran's gas condensate export soared rapidly.

Edited by CN

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