The National Iranian Oil Company sold its first cargo of gas condensates from South Pars Phases 20 and 21 to Japan, Financial Tribune informed.

According to Iran’s Oil Terminal Company’s (IOTC) Managing Director, Pirouz Mousavi, “a Japanese ultra large crude carrier recently loaded 160,000 barrels of gas condensates.” Mousavi added that a 300-ton Japanese vessel had taken the consignment from Phases 20 and 21 as well as another from Phases 2, 3, 4 and 5, Press TV informed. Mousavi further added that the vessel – named Fujikawa – was also to load 650,000 barrels of crude oil from Iran’s Forouzan oil field before leaving for Japan.

Reportedly, Iran’s oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to 2016.

Pointing to the heavy traffic of tankers in the main southern terminals, Mousavi said most vessels belong to European oil majors namely France’s Total, Russia’s Lukoil as well as Asian buyers including China, Japan, South Korea and the UAE.