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PX & benzene exports from Iran's PSEEZ rise sharply
24
Jan '13
Over the past few months, there has been a considerable rise in exports of petrochemical products, including paraxylene and benzne, from Pars Special Economic Energy Zone (PSEEZ) based in Assaluyeh in southern province of Bushehr, according to PSEEZ Director General Ahmad Pourheidar, FARS News Agency reported.
 
The rise in exports of petrochemicals from PSEEZ has been both in terms of value as well as volume, Mr. Pourheidar said.
 
During the period from mid-March 2012 to mid-January 2013, Iran exported around 14.531 million tons of propane gases, heavy and light polyethylene, butane, gas condensate, benzene and paraxylene, PSEEZ official said.
 
The products were mainly shipped to countries like the UAE, Indonesia, China, India, Japan, the Netherlands, Spain, Belgium, Romania, Thailand, Turkey, Taiwan, Malaysia, Afghanistan and Vietnam.
 
The exports of gas condensate and petrochemical products from the PSEEZ during the ten-month period stood at US$ 11.804 billion, Mr. Pourheidar said. He added that around 7.561 million tons of gas condensate worth US$ 6.732 billion was exported during the period.
 
Last month, Iranian President Mahmoud Ahmadinejad unveiled two major projects in PSEEZ. He inaugurated a 1200 km long 8-24 inch pipeline for transfer of ethylene produced in Kavian petrochemical complex in the PSEEZ to other petrochemical complexes in Kermanshah, Mahabad, Miyandoab, Lorestan and Andimeshk.
 
The premier also launched the second phase of Kavian petrochemical complex, which would boost the ethylene capacity of the PSEEZ-based complex to two million tons per annum.
 
PSEEZ was set up in 1988 to facilitate utilization of oil and gas resources of South Pars and to promote commercial activities in the area of oil, gas and petrochemical sector.
 
Located in the Persian Gulf, South Pars gas field is the world’s biggest natural gas condensate field and is shared by Iran and Qatar. 
 
The field has around 1,800 trillion cubic feet or 51 trillion cubic metres of in-situ natural gas and about 50 billion barrels or 7.9 billion cubic metres of natural gas condensate, according to the International Energy Agency (IEA) estimates.
 

Fibre2fashion News Desk - India


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