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Iran's gas condensate export drops by 20%

Business Materials 10 August 2016 19:34 (UTC +04:00)

Baku, Azerbaijan, Aug. 10

By Fatih Karimov – Trend:

Iran’s gas condensate export decreased by 19.75 percent to 5.943 million tons during the first four months (March 20-July 20) of the current Iranian fiscal year.

Iran’s revenues from condensate exports also decreased by 8.77 percent to $2.912 billion as compared to the same period of preceding year, according to the Custom Administration’s monthly report.

Gas condensate shared 17.86 percent of the country's total non-oil exports in terms of value, which increased by 21.11 percent to $16.3 billion in the four-month period.

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

The country also exported 13.684 million tons of petrochemicals worth $6.769 billion.

Iran’s petrochemicals exports indicate an increase of 64.83 percent in terms of volume and 41.51 percent in terms of value, year-on-year.

Petrochemical products shared 41.51 percent of Iran's total non-oil exports in terms of value during the first four months of current fiscal year.

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