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Iran's South Pars gas condensate export up by 44%

Business Materials 6 March 2017 12:30 (UTC +04:00)

Baku, Azerbaijan, March 6

By Fatih Karimov – Trend:

More than 15.942 million tons of gas condensates, worth $6.394 billion were exported from Iran's Pars Special Economic Energy Zone (PSEEZ) in the first 11 months of the current Iranian fiscal year, which began on March 20, 2016.

The figure indicates a rise by 44 percent in terms of value and 61 percent in terms of volume, compared to last year, Mehdi Yousefi, the managing director of PSEEZ, said, the oil ministry’s SHANA news agency reported March 6.

A total of 31 million tons of goods (41 percent increase from last year), worth $13.586 billion (22 percent increase), were exported from PSSEZ in the 11-month period, Yousefi said.

The zone’s exports in the 11th Iranian calendar month (Jan. 21- Feb. 21) amounted to 2.236 million tons, worth $1.019 billion, he added.

Light and heavy polyethylene, gas condensate, propane, butane, urea, ethylene glycol, p-Xylene and methanol were among the exported goods.

PSEEZ is located in the Persian Gulf coast, approximately 100 Km off the South Pars gas field.

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