Iran PSEEZ gas condensates exports rises by 52% in H1

Oil&Gas Materials 28 September 2014 10:09 (UTC +04:00)

Tehran, Iran, Sept. 28

By Milad Fashtami - Trend:

Over 4.809 tons of gas condensates worth over $4.339 billion have been exported from Iran's Pars Special Economic Energy Zone (PSEEZ), located in southwest of the country, in the first half of the current calendar year.

Iran's fiscal and calendar year starts on March 21.

Managing director of PSEEZ Khodadad Rahimi said that the figure shows 22 and 52 percent increase in terms of weight and value, respectively, compared to the same period previous year, Iran's IRNA News Agency reported on September 27.

He went on to note that some 4.632 million tons of non-oil products worth over $3.623 billion have also been exported from PSEEZ in the mentioned six-month period.

The figure shows 8 percent increase in terms of weight compared to the same period previous year.

"Gas condensates accounted for 51 and 54 percent of the zone's total exports in the mentioned period in terms of weight and value, respectively," he said.

"The goods were exported to some 29 countries from 4 continents including China, Japan, the United Arab Emirates, India, Turkey, Iraq, Taiwan, Malaysia, Vietnam, Afghanistan, Pakistan, Armenia, Russia, Mozambique, Egypt, Syria, Turkmenistan, Tajikistan, Ukraine, Qatar, Tanzania, the Philippines, Ghana, Kenya, Azerbaijan, Georgia, South Korea, and Mexico," Rahimi explained.

Rahimi said on August 26 that Iran exported around $7 billion of gas condensates from PSEEZ in the 12-month period which ended on August 25.

"Some 8.36 million tons of condensates, valued at $6.96 billion were exported in the mentioned period," he said, Iran's IRNA news agency reported on August 26.

Gas condensate exports rose by 3 percent in weight and 11 percent in value year on year, he added.

China, Japan, the UAE, India, and Turkey were the top five destinations for Iranian gas condensates, he noted.

Iran produces a little more than 0.4 million barrels per day of gas condensate.

After imposed sanctions in mid-2012, the country's gas condensate exports decreased from 260,000 barrels to below 195,000 barrels per day, but after implementation of interim nuclear accord in January 20, Iran boosted condensate export.

The Custom's reports indicates that Iran sold 9.741 million tons (equals about 448,000 barrels per day) from January 20 to July 20, when the 6-month interim nuclear accord was extended again.

The Custom report also indicates that during last 12 months, the country's total gas condensate exports amounted to 17.025 million tons, which is equal to 392,000 barrels per day.

About half of Iran's gas condensate exports were done from PSEEZ.