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Iran exports $1.3bn in gas, petrochemicals

26 December 2012 13:05 (UTC+04:00)
Iran exports $1.3bn in gas, petrochemicals

Despite EU sanctions, Iran exported 1.57 million tons of gas and petrochemical products worth 1.3 billion dollars in the 9th calendar month of Azar (November 21-December 20), Trend news agency reported.

During the mentioned period, Iran exported 1,030,000 tons of gas condensates worth 940 million dollars from Assaluyeh port, Mehr news agency reported.

Heavy and light polyethylene, propane, butane, ethylene, sulfur, and methanol were the major exported petrochemicals.

Iran also imported 202 tons of equipments worth over 4 million dollars in Azar.

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, especially in its South Pars gas field.

South Pars is part of a wider gas field that is shared with Qatar. The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.

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