Iran’s exports of gas condensates from the South Pars field rose to $6.9 billion, a 12% year-on-year increase in value, Ahmad Pourhaydar, Managing Director of Pars Special Energy Economic Zone for Customs Affairs, told the Islamic Republic News Agency (IRNA).
Pourhaydar said that most of the condensates were exported to China, South Korea, Japan, Indonesia, India, Turkey, Egypt, the UAE, and Kuwait, Reuters reports.
Total, the French oil giant, recently signed a development contract with Iran for the South Pars field. According to Reuters, Total will operate the field and own a 50.1% stake in it.
The South Pars field is considered the largest natural gas field in the world and is located in the Arabian Gulf off Qatar and Iran.