facebook
twitter
rss
account
search
search
 

Iran launches floating gas export terminal

Iran unveils new offshore gas export terminal.
By Daniel J. Graeber   |   March 28, 2014 at 10:58 AM   |   Comments

| License Photo
March 28 (UPI) -- Iran announced Friday it launched operations at its first-ever floating gas condensate export terminal in the waters of the Persian Gulf.

Iran in January exported 878,631 tons of gas condensate. Pirouz Mousavi, managing director of the Iranian Oil Terminals Co., said the facility could help Iran get more oil and gas from a southern economic trade zone.

"The terminal, which facilitates the export of 600,000 barrels of gas condensate per day, can help Iran boost its capability to export both crude oil and condensate," he said.

Customs officials in Iran say gas condensate accounts for more than 60 percent of the commodities exported from the southern economic zone.

Iran has touted its oil and gas export potential since reaching an interim nuclear agreement with Western negotiators in November.

Iranian President Hassan Rouhani said Thursday energy products from Iran were re-entering the global market as expected.

"As far as oil exports are concerned, we exported oil as we had predicted and this is very important," he said.

Iran secured relief from sanctions in exchange for agreement to curb its nuclear research activity. Many of the sanctions on its energy sector remain in place.


[Fars News Agency]

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 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
Most Popular
1
Urban Outfitters receives backlash after selling Kent State massacre sweatshirt Urban Outfitters receives backlash after selling Kent State massacre sweatshirt
2
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
3
Chevron gas line closed after accident Chevron gas line closed after accident
4
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
5
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
Trending News
Video
x
Feedback