Iran exports $800mln of gas Pars energy zone

PSEEZ Managing Director Massoud Nasseri told the oil ministry's website that his zone has exported 67 consignments of non-oil goods as well totaling 430 thousand tons in weight and 252 million dollars in value. According to the official, in addition to gas condensates, PSEEZ exported some petrochemical products as well, such as light and heavy polyethylene, butene, butadiene, urea, methanol, sulfur, cement gray and ammonia. Gas condensates made up 66 percent of total exports in terms of weight and 76 percent in terms of value, Nasseri said. Meanwhile during the period PSEEZ imported 286 thousand tons of goods needed for South Pars gas field projects worth 205 million dollars. South Pars Gas Field's condensate reserves are estimated at 18 billion barrels. There is the possibility to extract 40 thousand barrels of gas condensate from each phase of the field which will stand at 1.120 million barrels per day upon the completion of all 28 phases of the field.