NIOC’s Floating Gas Condensate Inventory Reaching Zero: Owji

Iran’s floating gas condensate inventory has reduced substantially, owing to exports and higher domestic consumption over the last two years, the oil minister said.
“In 2021 when the 13th government, led by President [Ebrahim] Raisi, took office, we had concerns about the piling gas condensates as 78 million barrels were floating in our ships, but now the massive stockpile has almost reached zero," Javad Owji was also quoted as saying by ISNA. 
The National Iranian Oil Company took effective initiatives and raised the export of gas condensates to a record high since May 2019, he added, noting the floating gas condensates were exported and used domestically.