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Pars Oil & Gas Company announces Iran exports $1.3bn goods from South Pars

Monday, Dec 31, 2012

Despite international sanctions, Iran has exported 1.578 million tons of goods worth USD1.3 billion from Pars Special Economic Energy Zone (PSEEZ) during the month ending December 20, 2012.

Ahmad Pour-Heydar, director of PSEEZ customs, said on Tuesday that non-oil products accounted for USD453 million and gas condensate for USD940 million of the exports.

The products exported from the zone included low-density and heavy polyethylene, butane, urea fertilizer, ethylene, urea, sulfur, cement, orthoxylene and methanol, Pour-Heydar added.

Iran is currently producing 300 million cubic meters (mcm) per day of gas from South Pars Gas Field.

The country, which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments in South Pars Gas Field despite illegal sanctions imposed on its energy sector.

At the beginning of 2012, the United States and the European Union (EU) imposed new sanctions on Iran’s oil and financial sectors.

On October 15, the EU foreign ministers agreed on another round of sanctions against Iran.

The illegal US-engineered sanctions have been imposed based on the unfounded accusation that Iran is pursuing non-civilian objectives in its nuclear energy program.

Iran rejects the allegation, arguing that as a committed signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency (IAEA), it has the right to use nuclear technology for peaceful purposes.

Source: Pars Oil & Gas Company

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