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Iran's PSEEZ gas condensates exports surpass $7.5b

Business Materials 8 April 2013 16:39 (UTC +04:00)

Azerbaijan, Baku, Apr.8/ Trend F.Milad

Some 8.58 million tons of gas condensates worth $7.532 billion have been exported from the Pars Special Economic and Energy Zone (PSEEZ), south of Iran, in the previous Iranian calendar year, which ended March 20, the managing director of Pars Special Economy and Energy Zone said.

Nearly 16.9 million tons of non-oil goods (including gas condensates) worth 13.8 billion dollars were also exported from PSEEZ during the mentioned period, the IRNA News Agency quoted Ahmad Pourheydar as saying.

China, Japan, the United Arab Emirates, India, Indonesia, Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam, and Afghanistan were the major destinations, Pourheydar added.

He went on to note that some 598,569 tons of goods worth over 2.35 billion dollars were also imported to PSEEZ in the previous year.

PSEEZ is a special economic zone, which was established in 1998 for the utilization of South Pars oil and gas resources. Goods can be brought in duty free, but cannot leave the PSEEZ and enter the rest of Iran . This is to encourage construction within and development of the PSEEZ.

The PSEEZ as it is known has been allocated 100 square kilometers of land at Asaluyeh for the various complexes and facilities. The site is a collection of different plants and refineries (known as "phases") and is administered by the PSEEZ agency onsite.

A total of 27 phases are envisaged (12 gas, 15 petrochemical), plus a mix of light and heavy industry, and associated support facilities such as factories and warehouses.

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