Iran's condensate exports likely dropped by 13 percent in 2013
By Dalga Khatinoglu
Head of Persian News Service of Trend Agency
Iran Custom Administration reports indicate dropping condensate exports in 2013 by 13 percent.
The Iranian fiscal year (solar year) starts on March 20 and all statistics are set based on Iranian calendar.
International Energy Agency's latest reports indicate that Iran exported about 1.07 million barrels of crude oil and condensate during 2013.
Iran's crude oil and condensate exports during 2013 decreased by 450,000 Bbls compared to 2012.
From January 1 to the end of December 2013 covers the 20th Dey, 1391 to 19th Dey, 1392.
There is ten days deference between starting Iran's fiscal calendar (March 20) and Gregorian date.
Iran exported about 8.42 million tons of condensate during December 19, 2012 to December 20, 2013, Custom's data say.
Gregorian year
Statistics indicates that during December 20, 2012 to March 19, 2013, Iran's total condensate exports stood at 1.288 MT, indicating a 50 percent drop compared to the same period in the previous year, but the country's condensate exports experienced a huge soar during three latest months of 2013.
Condensate export based on Custom reports:
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From December 20, 2012 to March 19, 2013 stands at 1.228 MT |
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From March 20, 2013 to October 21, 2013 stands at 3.926 MT |
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From October 22, 2013 to December 19, 2013 stands at 3.266 MT |
The Custom statistics say that the country's condensate exports was about 1.149 MT during October 20 to November 19, while this figure was 0.9349 MT during the next month ending on December 19,2013 and 1.095 MT during December 20, 2013 to January 19.
As I mentioned above, there is ten days deference between starting Iran's fiscal calendar and Gregorian date and shipping dates may fall before or after 20th month, however, with ignoring this fact, the country seems exported roughly 8.5 MT or 195,616 barrels per day of condensate during 2013.
This figure for the same period in the previous year was 9.766 MT.
Fiscal year
However, thanks to a huge increase during the last three months, the country's condensate exports rose significantly during current solar year, which will end on March 20, 2014.
Condensate exports based on Iranian fiscal year:
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First eleven months of current fiscal year: 11.886 MT |
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Last fiscal year: 9.630 MT, equals to 221,171 Bbls |
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Two years ago: 11,378 MT, equals to 262,000 Bbls |
As the Custom statistics indicate, Iran's condensate exports during 11 months of the current fiscal year are even more than total condensate exports in the past two years averagely.