BAKU, Azerbaijan, February 15. The value of Iran's oil products and liquefied petroleum gas (LPG) exports amounted to approximately $13 billion, during the first nine months of the current Iranian year (March 21, 2022 through December 21, 2022), head of Iranian Oil, Gas and Petrochemical Products Exporters' Union Hamid Hosseini said, Trend reports citing Shana News Agency.
According to Hosseini, Iran also exported petrochemical products worth $12 billion in 9 months.
The chairman added that a total of 6.6 million tons of LPG worth $4.9 billion were exported from the country for the reporting period, whereas Iran has the capacity to export 10 million tons of LPG per year.
“Over 9 months, 6.8 million tons of methanol worth $1.87 billion were exported from the country,” he said.
Hosseini noted that Iran exported 1.6 million tons of urea worth $975 million within the mentioned period.
The official did not clarify the data on the export value and volume of other oil and petrochemical products.
There are currently 74 active oil and 22 active 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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