PSEEZ,south of Iran, monthly gas condensate exports near $1b
Some 977,770 tons of gas condensates, worth approximately $913 million, were exported from Pars Special Economic Energy Zone (PSEEZ), south of Iran, in the Iranian month of Khordad (May 22-June 21), head of the PSEEZ customs department said here on Tuesday.
SHANA news network quoted Ahmad Pourheydar as saying that the amount showed 75 percent increase in terms of weight and 153 percent rise in terms of value compared to the figures for the corresponding month last year.
"During the mentioned period, more than 1.3 million tons of non-oil commodities, worth over $971 million, were also exported from PSEEZ, marking 121 percent increase in terms of weight and 167 percent growth in terms of value compared to the figures for the corresponding month the previous year," he said.
He remarked that in the same time span, a total of 2.324 million tons of products, including light and heavy polyethylene, propane, butane and gasoline, worth $1.885 billion, were exported to China, Japan, the UAE, India, Indonesia, the Netherlands, Belgium, Spain, Turkey, Romania, Thailand, Malaysia, Vietnam and Afghanistan.
"This marks a 100 percent growth in terms of weight and 160 percent increase in terms of value, compared to the respective month last year. Furthermore, during the Iranian month of Khordad, some 12,577 tons of products, worth $60 million, were imported via the Customs Department of PSEEZ," Pourheydar noted.
Iran is the second major petrochemicals producer in the Persian Gulf region with 27 percent share of total products.
Last year, Islamic Republic of Iran produced 40 million tons of petrochemicals of which more than 16 million tons were exported.
Iran plans to implement 47 petrochemical projects by the end of the Fifth Five-Year Socio-Economic Development Plan in 2015, adding a total of 43 million tons per year to its capacity. Iran will represent at least 5.3 percent of global petrochemical output and 36 percent of Middle Eastern production once those projects come online.