Iran's SPEEZ Gas Condensate Exports See Sharp Rise

Iran's gas condensate exports from the Pars Special Economic Energy Zone (PSEEZ) have seen three fold y-o-y jump in month of Dey (December 22, 2013 – January 20, 2014).

Director General of the PSEEZ Customs Department Khodadad Rahimi said on Tuesday that Iran exported 878,631 tons of gas condensate worth $764.786 million from the zone during the month, reports Press TV.

Condensate export from the zone rose by 272 percent in value and 278 percent in volume compared with the corresponding period in the last Iranian calendar year (ended March 20, 2013), the news report adds.

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.

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