News ID: 215806
Published: 1006 GMT May 27, 2018

Iran gas condensates exports up after US JCPOA withdrawal

Iran gas condensates exports up after US JCPOA withdrawal

Gas condensates exports from South Pars Gas Field experienced a 149-percent growth after US exit from Iran nuclear deal also known as Joint Comprehensive Plan of Action (JCPOA).

US President Donald Trump announced on May 8 that Washington would pull out of Iran nuclear deal and reinstate nuclear sanctions on Iran, IRNA reported.

This is while most world powers including Russia, China, and European Union have repeatedly stressed that keeping the deal is in the interest of world peace and security.

During the month to May 21, 1.06 million tons of gas condensates worth $1.09 billion were exported from South Pars, said Managing Director of Pars Special Economic Energy Zone Customs Ahmad Pourheidar.

South Pars also exported 1.59 million tons of non-oil products worth $753 million during the month, he added. This, he noted, indicated a growth of 11 percent in weight and 19 percent value.

As the most important products of South Pars field, the exports included gas condensates, methanol, propane, polyethylene, sulfur, urea, styrene, ammonia and crude oil which were worth $1.8 billion in total, he noted.

The products were shipped to China, Japan, South Korea, India, Hong Kong, Indonesia, Turkey, Egypt, the UAE and Kuwait, Pourheidar said.

South Pars is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, shared between Iran and Qatar.

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