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Iran: No more gas condensate sale

Director of NIOC Mohsen Ghamsari says the stored condensates will reach the end of their sale in the coming months.

Iran: No more gas condensate sale


Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Ghamsari said on September 13, 2016, that the stored condensates will reach the end of their sale in the coming months.

Talking to iranian Shana, Ghamsari said major portion of the gas condensates of the oil convict Babak Zanjani has been regained and it will be gradually sold.

He said Iran daily sells 600,000 barrels of gas condensates, while its production stands at 530,000 barrels. «So, the stored condensates will be gradually sold.»

According to Ghamsari, 100,000 barrels of gas condensates are consumed inside the country now.

Commenting on the contracts for sale of Iranian crude oil, Ghamsari said major portion of the contracts for sale of Iranian oil are in the FOB form and there is no CIF contract.

«However, the cost of the consignments delivered to the purchaser in the destination is received.»

Commenting on export of gasoil, he said it stands at more than 500,000 tons a month.

According LPG, he said 140,000 to 150,000 tons of LPG is monthly exported.

He then commented on import of gasoline, and said gasoline imports started from 12 million liters and lowered to nine million tons.

The amount is expected to stand at 7,500,000 liters in second half of this year.


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