Iran's gas condensate export from South Pars up by 15%

Business Materials 18 March 2019 12:13 (UTC +04:00)

Tehran, Iran, March 18


Iran's gas condensate exports and products from South Pars gas field have increased by 15 percent, compared to last Iranian year (started March21, 2017), despite the US sanctions.

"The South Pars region has exported 1.431 million tons of gas condensate during the current Iranian year (started March 21, 2018), valued at $745.15 million. It had a 15-percent increase in value and 9-percent rise in exports volume,” said the Director General of the Customs Department of the Pars Special Economic Energy Zone (PSEEZ) Ahmad Pourheydar, Trend reports citing IRNA.

South Pars, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar. It covers an area of 9,700 square kilometers, of which 3,700 square kilometers belongs to Iran.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

"The exports from South Pars region are mostly destined to the UAE, China, Korea, India, Indonesia, Japan, Taiwan, Italy, France, Belgium, Germany, Russia, Poland and Norway," he added.

"Iran has exported 1.5 million tons of non-oil goods in the current year that include regional products valued at $553.6 million," Pourheydar said.

The official indicated that the South Pars region, with the biggest gas field in the world, is considered as Iran's energy capital and the magnet for non-oil, petrochemical and gas condensate exports.