Crude Oil and condensates missed in Iran’s trade statistics
Iranian Customs Administration director Abbas Memarnejad announced that Iran exported $41.5 billion worth of non-oil goods, while it imported $53.3 billion worth of non-oil goods during the past Iranian calendar year, which ended on March 20. The Fars News Agency quoted Memarnejad as saying on Monday that non-oil imports and exports declined by 14 percent and 5 percent, respectively. According to Fars, the ratio of exports to imports in the past year fell, so that the difference between imports and exports decreased to $11.8 billion from $18 billion in its preceding year. Iran places condensates (a kind of oil with premium quality which is derived from gas wells), processed oil products such as furnace oil and diesel fuel, as well as some petrochemical products, in the list of non-oil goods, while they are regarded as oil derivatives in other countries. No official report has been released yet about the exact volume of exported Iranian crude oil and condensates in the past ye