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Iran exported gas condensates worth $6.9 billion

Staff writer |
Exports of gas condensates from Pars Special Economic Energy Zone (PSEEZ) increased by 80 percent in the first eight months of the current Iranian year (March 21, 2014-November 22, 2014) compared to the corresponding period last year.

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Iran exported 7.346 million tons of gas condensates worth $6.9 billion showing a rise of 37 percent in weight and 80 percent increase in value in the first eight month of the current year, Iran's Customs Administration announced in a statement.

The main destinations of the Iranian condensates supplies were China, Iraq, the United Arab Emirates (UAE), Afghanistan and India.

The PSEEZ was established in 1998 for the utilization of South ?Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and ?petrochemical industries.?

The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensates.

The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which lie in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, i.e. North Dome, are located in Qatar's territorial waters.

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