Iran Exports 62mln Barrels of Condensate in 5 Months: Official
TEHRAN (Tasnim) – Total amount of Iran’s gas condensate output from South Pars supergiant gas field reached 77 million barrels in course of five months, an official said.
Massoud Hassani, the director of South Pars Gas Complex, said refineries in South Pars produced 77 million barrels of gas condensate in the past five months, Shana reported.
He added that 62 million barrels out of the total amount were exported to other countries in this five-month period, showing a major rise compared to the same period last year.
South Pars, divided into 29 development phases, holds 40 tcm of natural gas, or 21% of world’s total gas reserves, and 50 billion barrels of condensate.
South Pars covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar’s territorial waters.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.