Gas condensate export from South Pars fields rise by 31%

TEHRAN, Aug. 28 (MNA) – A PSEEZ customs official said 18.812 million tons of gas condensate has been exported from South Pars fields over the past 12 months indicating a 31% growth in weight as compared to the earlier year.

Ahamd Pourheidar, Managing Director for Customs Affairs at Pars Special Energy Economic Zone (PSEEZ), pointed to the significant increase in exports of various products from South Pars over the past year adding “in the past 12 months leading to August 2017, a total of 16,474,527 tons of non-oil products worth 6,743,981,999 dollars were shipped overseas.”

He underlined that the export volume showed a 20% rise in weight as compared to a corresponding period a year ago.

Over the similar time span, a total of 17,812,813 tons of gas condensate worth 6,979,573,943 dollars were shipped to global markets; “accordingly, weight and value of exported products have grown by 31 and 28 per cent as compared to a year earlier.”

The total amount of exports from South Pars shows 25% rise in weight and 12% in value compared with the previous year's corresponding period, he said.

Pourheidar later enumerated major destination of Iranian goods including China, Japan, South Korea, India, Hong Kong, Indonesia, Turkey, Egypt, the UAE and Kuwait.

The official later stressed that, in the similar period, a total of 9,127,531 tons of products worth 1,570,347,748 dollars were imported through PSEEZ. He asserted that major purchased items were refinery equipment and chemical products used by petrochemical complexes in the region.

The South Pars field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field. Iran and Qatar jointly own the gas field with the former possessing 3,700 square kilometers of the overall 9,700 square kilometers.

The reservoir contains 14 trillion cubic meters of gas as well as 18 billion barrels of gas condensate counting for eight per cent of the total gas available in the world as well as half of Iran’s gas reserves.

Volume of Iran’s gas recovery from South Pars stood at 285 million cubic meters in 2013 while the figure has climbed to 540 million cubic meters thanks to implementation of 11 new phases.


News Code 127323


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