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Non-oil exports from South Pars region raise despite US sanctions

Oil&Gas Materials 13 August 2019 11:50 (UTC +04:00)

Tehran, Iran, Aug.13
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Non-oil exports from South Pars region recorded two-percent growth over the past year, despite the US sanctions aimed at reducing Iran's global trade.

South Pars region, which has the largest gas field in the world, not only holds the title of Iranian energy capital, but is also known for being the export hub for non-oil products, petrochemicals and condensates, Trend reports citing IRNA.

Exports of non-petroleum products from the South Pars Customs Administration have increased despite US sanctions. Some 17.8 billion tons of non-oil goods worth $ 4.5 billion were exported from the region since September last year, which is two-percent growth in terms of weight compared to the previous year.

“In total, 23 billion tons of goods including methanol, propane, butane, light and heavy polyethylene, gas condensate, ammonia, sulfur, styrene and crude oil worth more than $ 9.9 billion have been exported overseas," Head of the customs office of Pars Special Economic Energy Zone Ahmad Pour-Heydar said. “These goods were exported to China, the United Arab Emirates, South Korea, India, Japan, Hong Kong, Indonesia, Turkey, Egypt and Kuwait.”

“In addition, 20.3 million tons of goods worth $95.9 million were imported to the region, which is by 50 more percent in terms of weight and 610 percent more in terms of value compared to the same period last year,” he added.

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