Iran's quarterly gas condensate export drops by 32%

Oil&Gas Materials 9 July 2016 18:08 (UTC +04:00)

Baku, Azerbaijan, July 9

By Emil Ilgar - Trend:

Iran's gas condensate export decreased by 31.96 percent to 4.185 million tons during the three months of the country's fiscal year (FY), started on March 21.

According to the Custom Administration's monthly report, released on July 9, the country's revenues from gas condensate export also decreased by 35.21 percent to $1.69 billion year-to-year.

According to the report, gas condensate shared 16.14 percent of the country's total non-oil exports, which decreased by 5.3% to $10.473 billion in the three months of current FY.

Iran includes gas condensate, which is an ultra-light crude oil, in non-oil exports basket.

The country also exported 7.137 million tons of petrochemicals, about 12.65 percent more than 1Q of last FY, but the value of petrochemical products export decreased by 3.78 percent to $3.542 billion.

Gas condensate and petrochemical products share more than a half of Iran's total non-oil exports.

The country's imports experienced a 12.99 percent decrease during them mentioned period to $9 billion.