Huge gap between Iran's gas condensate export value and volume growth
Iran 's gas condensate exports increased to 7.75 million tons during the last four months, indicating a 2.3-time increase compared to the same period last year. Iran 's fiscal year starts on March 20. Iran 's Custom Administration released its monthly report on Aug. 13, saying the country's total gas condensate export value during last four months was $5.18 billion, 1.7 times more than the same period last year. It is not clear why Iran 's gas condensate export experienced a 127 percent increase in volume, but has only a 72.3 percent increase in value, while there have not been any significant fluctuations in oil prices since last year. However, Iran reportedly offers discounts to customers to encourage them to buy more Iranian oil. China is Iran 's biggest both crude oil and the gas condensate importer. According to the China Custom reports, this country received 630,000 barrels of Iranian oil during the first half of 2014, indicating about a 5...