facebook
twitter
rss
account
search
search
 

Iran boasts of South Pars gas sales

April 8, 2013 at 8:07 AM   |   Comments

TEHRAN, April 8 (UPI) -- Asian and some European countries are getting gas product exports from the South Pars region in the Persian Gulf, an Iranian official said Monday.

Director general of a South Pars economic department Ahmad Pourheidar said roughly $7.5 billion worth of gas condensates were exported from the region during the last calendar year, which ended March 20.

The 8.5 million tons of gas products were exported to countries ranging from European countries like Belgium and Spain to Asian economies like Malaysia and India, the official Islamic Republic News Agency reports.

Iran is under increased sanctions pressure as its Western rivals look for ways to curb the country's nuclear ambitions. Sanctions target Iran's energy sector.

Nuclear negotiations between the five permanent members of the U.N. Security Council and Germany concluded last weekend. Talks were described by Western officials as positive, though few concrete developments emerged from the talks in Kazakhstan.

The South Pars gas complex in the Persian Gulf is considered one of the largest of its kind in the world.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
4
$3 gas could make a comeback $3 gas could make a comeback
5
Starbucks testing smaller Frappuccinos Starbucks testing smaller Frappuccinos
Trending News
Video
x
Feedback