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Showing posts from September 28, 2014

Iran's condensate export plunges to lowest since October 2013

Iran's condensate export declined to below 0.2 million barrels per day during last month, indicating the lowest level since Iran reached an agreement with the P5+1 group, regarding its nuclear program. Iran's state IRNA Agency cited the Custom Administration that the country's total gas condensate exports during first half of current fiscal year (From March 21 to September 22) have reached 9, 233 thousand metric tons. The total condensate export during H1 of Iran's fiscal year experienced a 85 percent increase, compared to the same period during the previous year, according to IRNA. However, with comparing the volume of the last month with previous months since October 2013, the figure is the lowest. The figures are extracted from Iranian Custom Administration's monthly reports: Condensate export Volume Kilo metric tons Value Thousand barrels per day Oct 23 to Nov 22 1,149 $1.018B 311.34 Nov 23 to Dec 22 1,690 $1.419B 457.94 De