Over $2.3 billion of gas condensates exported via Iran’s PSEEZ

Business Materials 28 August 2013 11:39 (UTC +04:00)

Azerbaijan, Baku, Aug.28/ Trend F.Karimov/

Iran exported 3.253 million tons of gas condensates, worth over $2.311 billion, from Pars Special Energy Economic Zone in Assaluyeh in the southern province of Bushehr over the first 5 months of the current Iranian calendar year, which began on March 21, IRNA quoted Ahmad Pourheidar, the managing director of the PSEEZ Customs Office, as saying.

The country exported about 7.263 million tons of light and heavy polyethylene, gas condensate, propane gases, butane, benzene, and paraxylene during the 5-month period.

According to Pourheidar, China, Japan, the UAE, India, Indonesia, the Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam, and Afghanistan were the main markets for the exported goods.

In April, the managing director of Iranian Oil Terminals Company (IOTC) said that the country will roughly triple its gas condensate exports in less than two years, Press TV reported.

Seyyed Pirouz Mousavi said that in less than two years, Iran will increase its export of gas condensate from the current level of 450,000 barrels per day (bpd) to 1.2 million pbd.

The IOTC chief said Iran currently exports condensate from the southern port of Asalouyeh, adding that the country plans to further boost condensate exports by building new facilities near the city of Kangan in Bushehr Province, south Iran.

Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

Iran's South Pars, divided into 24 phases, is part of a larger gas field shared with Qatar which holds about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.