Iran's South Pars export up 35%
Tehran, Iran, Apr. 28
By Mehdi Sepahvand - Trend:
Director General of Iran 's South Pars Special Economic Zone Khdadad Rahimi has said that the zone's export increased by 35 percent.
In the first month of the current Iranian fiscal year (which started May 21), close to 1.9 million metric tons of gas condensates and petrochemical products were exported abroad from the zone, showing 35 percent growth compared to the same period last year, he said.
According to Rahimi, during the period over 860 thousand metric tons of gas condensates worth $495.8 million was exported, coming with 2 percent growth in weight, IRNA news agency reported April 28.
Also, close to 1.4 million metric tons of non-oil goods worth over $730.6 million was exported from the zone in the same period. This means 86 percent growth in weight and 50 percent growth in value.
Light and heavy polyethylene, condensate, gas, propane, butane, benzene, sulfur were among the goods exported.
The destinations for the exports were mainly China, Japan, the United Arab Emirates , India , Indonesia , the Netherlands , Belgium , Spain , Turkey , Romania , Taiwan , Thailand , Malaysia , Vietnam and Afghanistan .
Right now half of Iran 's consumed gas comes from the South Pars. It is expected that by the end of the current Iranian fiscal year (March 20), the field's output will increase by 100 million cubic meters.
South Pars gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran 's territorial waters in the Gulf. The remaining 6,000 square kilometers are situated in Qatar 's territorial waters.
The field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world's reserves, and approximately 18 billion barrels of condensate.
Edited by CN
Mehdi Sepahvand is Trend Agency's journalist in Iran, follow him on Twitter: @mehdisepahvand