By Dalga Khatinoglu
Iran's gas condensate export reached 18.2 million tons during last 11 months, showing a historical record.
According to the report published by Iran Custom Administration March 2, Iran's revenues from exporting 18.186 million tons of gas condensate during eleven months of current fiscal year reached $13.673 billion, indicates 52.53 percent and 43.76 percent increase in volume and value respectively.
Iran's fiscal year starts on March 21.
The following figures have been extracted from Iranian Custom Administration's monthly report since October 2013:
|
Condensate export |
Volume Kilo metric tons |
Value |
Thousand barrels per day |
Price of a barrel |
|
Oct 23 to Nov 22 |
1,149 |
$1.018B |
311.34 |
$105.47 |
|
Nov 23 to Dec 22 |
1,690 |
$1.419B |
457.94 |
$99.96 |
|
Dec 23 to Jan 21 |
3,599 |
$2.157B |
975.21 |
$71.35 |
|
Jan 22 to Feb 20 |
1,095 |
$959M |
296.71 |
$104.26 |
|
Feb 21 to Mar 20 |
897 |
$816M |
243.06 |
$108.30 |
|
Mar 21 to Apr 20 |
846 |
$779M |
229.24 |
$109.62 |
|
Apr 21 to May21 |
4,095 |
$2.251B |
1109.61 |
$65.44 |
|
May 22 to June 21 |
807 |
$761M |
218.67 |
$112.26 |
|
June 22 to July 22 |
1,965 |
$1.388B |
532.45 |
$84.09 |
|
July 23 to Aug 22 |
759 |
$678M |
205.66 |
$106.34 |
|
Aug 23 to Sep 22 |
726 |
$657M |
196.72 |
$107.73 |
|
Sep 23 to Oct 23 |
1,616 |
$1.027B |
452.48 |
$75.66 |
|
Oct.23 to Nov.22 |
1,639 |
1.188B |
458.92 |
$86.29 |
|
Nov.23 to Dec.22 |
936 |
847 M |
262.08 |
$107.73 |
|
Dec.23 to Jan.21 |
3,078 |
2.512 B |
861.84 |
$97.15 |
|
Jan.22 to Feb.23 |
1,686 |
902 M |
472.08 |
$63.7 |
In mid-2012, the Unites States and European Union imposed tight sanctions to force Iran to curb its sensitive nuclear activities, which has led to declining the country's condensate export from 270,000 barrels per day in 2011 to below 160,000 barrels in mid-2013, but after easing sanctions due to interim nuclear deal achieved in November 2013, Iran's gas condensate export soared rapidly.
However, the figures published by Iran's custom don't indicate the exact amount of the gas condensate sold by Iran. They just show the uploaded volume and the volumes shipped to global markets.
For instance, Iran stores a part of its condensate in China.
Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service.
Follow him on @dalgakhatinoglu