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Iran exports $6 bln gas condensate via Assalouyeh

Business Materials 26 November 2011 12:10 (UTC +04:00)

Azerbaijan, Baku, Nov.26 / Trend F.Milad/

Iran exported about 8 million tons of gas condensate, worth $6 billion, via Assalouyeh energy zone, for the first eight months of the current Iranian calendar year (began on March 21, 2011), the Pars Special Economic and Energy Zone's managing director Pirouz Mousavi said.

The exports showed 21 percent and 45 percent growth in terms of weight and value compared to the same period of last year, Pirouz Mousavi was quoted by Mehr news agency reported.

The non-oil goods worth about $6 billion have been exported from Assalouyeh, mainly to China, Japan, the UAE, India, Indonesia, Belgium, Spain and Turkey, for the mentioned period of time, he said.

Iran ranks second on the world's largest natural gas reserves after Russia. It is trying to increase its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about 8 percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

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