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Over $7 billion worth of gas condensates exported via Iran’s Assaluyeh

Oil&Gas Materials 26 February 2013 16:00 (UTC +04:00)

Azerbaijan, Baku, Feb.26 / Trend F.Mehdi/

Iran exported over eight million tons of gas condensates, worth over $7 billion, from the Pars Special Energy Economic Zone in Assaluyeh in the southern province of Bushehr over the first 11 months of the current Iranian calendar year which began on March 20, 2012, IRNA quoted Ahmad Pour-Heidar, the managing director of the PSEEZ Customs Office, as saying.

The country exported about 15.77 million tons of light and heavy polyethylene, gas condensate, propane gases, butane, benzene, and Para xylene during the 11-month period.

According to Pour-Heidar, 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.

On January 26, ISNA quoted Iranian Finance and Economic Affairs Minister Shamseddin Hosseini as saying that exports of gas condensates and petrochemical products fell sharply due to international sanctions.

At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran's oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Iranian Central Bank.

U.S. sanctions came into force on June 28, while the EU bans on Iranian oil imports came into force on July 1.

In October, the EU approved another major package of economic sanctions on Iran.

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