Around 5M tons of condensates exported via Iran’s PSEEZ
Baku, Azerbaijan, Oct. 3
By Fatih Karimov - Trend:
More than 4.965 million tons of gas condensates were exported from Iran's Pars Special Economic Energy Zone (PSEEZ) in the first half of the current Iranian fiscal year, which began on March 21.
Mehdi Yousefi, the managing director of PSEEZ, said that a total of 11.887 million tons of goods, worth $6.559 billion, were exported from PSSEZ in the 6-month period, Shana news agency reported on October 3.
Meanwhile, $887.225 million worth of goods were imported from the zone, he added.
Gas condensate exports from PSEEZ amounted to 913,714 tons, valued at $405.471 million, he noted.
PSEEZ is located in the Persian Gulf coast, approximately 100 Km off the South Pars gas field.
Condensate is a by-product of natural gas production.
Iran's condensate exports in September hit the highest monthly total so far this year, after its top client China resumed buying of the ultra-light crude for the first time in six months, two sources familiar with the matter said on Tuesday.
Iranian condensate exports in September were around 210,000 barrels per day (bpd), topping 200,000 bpd for the first time this year after China resumed imports.
Other buyers included Japan, South Korea, the United Arab Emirates and Poland, said the source.
Iran has the capacity to export about 500,000 bpd of condensate, but buyers took about 180,000 bpd on average in the first nine months this year.