Iran’s production of gas condensate has witnessed a 5% rise in the last 10 months (March 21, 2019-January 20, 2020), in comparison with the corresponding period in the last year, said Managing Director of Iran’s South Pars Gas Company (SPGC) Hadi Hashemzadeh Farhang.
The figure has not only increased compared to [the same period in] last year but also shows a 100-percent realization of our plans for this time span,” Hashemzadeh Farhang said on Monday, after announcing that Iran's gas condensate output has increased by five percent in the first 10 months of the current local calendar year (March 21, 2019-January 20, 2020).
According to the official, ethane production has also grown significantly over the same period, and eight South Pars refineries are currently producing this valuable product.
He also mentioned that South Pars field’s propane production has also increased over the past year, saying that there are currently seven refineries that produce propane.
South Pars gas field, which Iran shares with Qatar in the Persian Gulf, is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate. The field is divided into 24 standard phases.
Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields.
In April, the refinery for phase 13 of Iran’s South Pars gas field which was officially inaugurated by Iranian President Hassan Rouhani, exported its first cargo of products, including 300,000 barrels of gas condensate, on March 11.
The first shipment from phase 13 of South Pars, including 300,000 barrels of gas condensate, was delivered for export, operator of the phase Payam Motamed said.
According to Motamed, the delivery was made on March 11 prior to President Hassan Rouhani’s inauguration of phases 13, 22, 23 and 24.
The $5 billion refinery for phase 13 had already become fully operational, but it was officially inaugurated by Rouhani along with another $50 billion refinery for phases 22, 23 and 24.