Iran's gas condensate exports hit $7.5b

Tehran, Nov 18, IRNA - Iran exported $7.5b worth gas condensates in the first seven months of the Iranian year started March 21, 2014 said an official on Monday. Deputy Industries, Mines and Trade Minister Valiollah Afkhami-Rad said the figures show a 63-percent increase year-on-year, according to Tuesday's edition of 'Iran Daily'. China and other Asian states were the main destinations of Iranian gas condensate exports. Iran sits on the world's largest natural gas reserves. South Pars, which Iran shares with Qatar in the Persian Gulf, is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of gas condensates./end