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Iran's gas condensates exports from Pars Zone up by 40 percent

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Staff writer ▼ | February 27, 2015
Exports of gas condensates from Pars Special Economic Energy Zone (PSEEZ) increased by over 40 percent in the first eleven months of the current Iranian year (March 21, 2014-February 20, 2015) compared to the corresponding period last year.
Iran gas Pars
Good achievement   Customs Administration Office:
Iran exported 10.609 million tons of gas condensates worth $9.589 billion showing a rise of 38 percent in weight and 43 percent increase in value in the first 11 months of the current year as compared with last year's corresponding period, PSEEZ's Customs Administration Office announced in a statement.

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

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.