Iran's gas condensate exports from pars zone increase over 50%

Iran's Pars Special Economic Energy Zone (PSEEZ) increased exports of its gas condensates more than fifty percent in the previous Iranian calendar month (February 21-March 20) compared to the corresponding period last year. Director-General of the PSEEZ Customs Department Khodadad Rahimi said on Monday that Iran exported 859,248 tons of gas condensate worth $784.561mln from the zone in the previous Iranian month. He said the condensate exports from the zone rose by 58 percent in value and 54 percent in weight compared to the corresponding period in the last Iranian calendar year (ended March 20, 2013). Rahimi added that gas condensate accounted for 59 percent in weight of the entire commodities exported from the PSEEZ in the time span, adding that the main destinations for the Iranian condensate were China, Japan, the United Arab Emirates, India, Indonesia, the Netherlands, Belgium, Spain, Turkey, Romania, Taiwan, Thailand, Malaysia, Vietnam, and Afghanistan. The official further noted that $1.328bln worth of commodities were exported from the PSEEZ in the previous Iranian calendar month. Rahimi stated that 1.457mln tons of goods, including low-density polyethylene (LDPE) and high-density polyethylene (HDPE), gas condensate, propane, butane, benzene and paraxylene were exported from the energy zone in the previous Iranian calendar month, marking a 29-percent growth in weight and 41-percent rise in value compared to corresponding period in the preceding year. 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.