Iran Exports $5.8b Worth Of Gas Condensates

Tehran, Nov 26, IRNA – Some 8.7m tons of gas condensates, worth over dlrs 5.8b, were exported from South Pars Special Economic Energy Zone during the first eight months of the current Iranian calendar year (started March 21, 2011), it was announced on Saturday. Managing-Director of South Pars Special Economic Energy Zone Customs Office Ahmad Pourheidar said the figure indicates 21 and 45 percent increases in terms of weight and value, respectively, compared to the same period last year. He added that China, Japan, UAE, India, Indonesia, The Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam and Afghanistan were main hubs for the Iranian products. Pourheidar underlined that over 7.19m tons of non-oil commodities, worth $6.5b, were exported in the period, indicating 50 and 104 percent increases in terms of weight and value, respectively. Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field. The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in the Iranian territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, North Dome, are in Qatar's territorial waters. The Iranian gas field has 14 trillion cubic meters of natural gas (about eight percent of the world's reserves) and more than 18 billion barrels of liquefied natural gas (LNG) resources./end