BAKU, Azerbaijan, January 31. Iran exported more than 70 million barrels of gas condensate, during the 10 months of the current Iranian year (March 21, 2022 - January 20, 2023), Iranian Oil Minister Javad Owji said in his today’s speech in the Iranian parliament, Trend reports referring to Shana News Agency.
The minister noted that there is a 40-percent increase recorded in Iran's export of crude oil, gas, petroleum products and gas condensate for 10 months.
Owji did not disclose the export volume of other products.
“It is expected that the expected revenue from crude oil, gas condensate and gas exports in the budget bill for the current Iranian year (March 21, 2022 through March 20, 2023) will be realized. Currently, the country's crude oil exports are fully carried out, but it takes about 2-4 months for the receiving of the proceeds from the crude oil exports,” he said.
Paying attention to the production, consumption and export of liquefied petroleum gas (LPG) in the country, the minister added that currently, Iran's oil refineries produce 2.2 million tons of LPG, gas refineries - 5.6 million tons of LPG and petrochemical plants - 4 million tons of LPG per year.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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