Energy
0

35% Growth in PSEEZ Exports

35% Growth in PSEEZ Exports35% Growth in PSEEZ Exports

Approximately 1.9 million tons of petrochemical products and gas condensates were exported from Pars Special Economic Energy Zone (PSEEZ) in the first month of current Iranian calendar year (March 21-April 21), which indicated a 35 percent growth compared with the same period last year, head of PSEEZ Customs said, IRNA reported.

A total of 860, 183 tons of gas condensate, valued at $495.8 million, were exported from PSEEZ in the mentioned period, Khodadad Rahimi said, noting that the figure has increased by two percent compared with the same period last year. Export of petrochemicals and gas condensates from PSEEZ in the period was valued at $1.2 billion in total.

Petrochemical products exported from the PSEEZ include heavy and light polyethylene, gas condensate, propane gases, butane, benzene, paraxylene, heavy-ends, ortho-xylene, raffinate, and sulfur granule.  Gas condensate accounted for 45 percent of total PSEEZ exports in terms of volume and 40 percent in terms of value.

Accelerating domestic gas supplies, export of gas and gas condensate, providing feedstock for industries dependent on oil, gas, petrochemicals and facilitating implementation of South Pars gas field's development projects are among the main objectives of PSEEZ. Located on the shore of the Persian Gulf 300 kilometers southeast of Bushehr Province, PSEEZ was established in 1998 to utilize the South Pars field oil and gas resources and is aimed at encouraging commercial activities in oil, gas and petrochemical industries.  PSEEZ products are exported to several countries including Qatar, Azerbaijan, China, Ukraine, Romania, Spain, Netherland, Belgium, Afghanistan, Taiwan, Thailand and Mexico.

 

Financialtribune.com