Iran’s gas condensate exports up 76%
4/29/2013 2:05:37 PM
Some 611,655 tons of gas condensate valued at $541.8 million has been exported from the zone, IRNA quoted the managing director of the PSEEZ customs office as saying on Sunday.
Ahmad Pour-Heidar also put the value of over 1.262 million tons of exported light and heavy polyethylene, gas condensate, propane, butane, benzene, and paraxylene at $987.467 million.
The exports have increased by 1 percent in weight and 16 percent in value, the official said.
According to Pour-Heidar, China, Japan, the UAE, India, Indonesia, the Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam, and Afghanistan were the main markets for the exported goods.
Iran, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.
Iran’s South Pars, which is part of a larger gas field shared with Qatar, is divided into 24 phases and holds about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.