Iran records sharp rise in exports of gas condensate

TEHRAN, Sept. 14 (Xinhua) — The exports of gas condensate from Iran’s South Pars gas field experienced a 67-percent rise in the first five months of current Iranian calendar year, said semi-official Mehr news agency Wednesday.

“In the first five months of the current year, more than seven million tons of gas condensate were exported to the world markets bringing a profit about 2.9 billion U.S. dollars,” Managing Director of Pars Special Economic Energy Zone, Mehdi Yousefi, said.

Heavy and light polyethylene glycol, diethylene glycol, mono-ethylene glycol, urea, butane, propane, p-Xylene, cement and methanol were among other major products exported from the gas field, he added.

The overall exports from Iran’s South Pars gas field, in the same period, stood at 15.3 million tons and valued at 7.4 billion dollars, he said, adding that the figures show a 55-percent rise in weight and 36-percent rise in value compared with the same time span in the last year.

The South Pars/North Dome field is a natural gas condensate field located in the Persian Gulf. It is the world’s largest gas field, shared between Iran and Qatar.

According to the International Energy Agency, the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels of natural gas condensate.

By Shanghai Daily