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Home World Business

Iran gas exports fall 42%

byCT Report
18/09/2018
in World Business
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ANKARA: Iran’s gas condensate exports fell nearly 42 percent to 4.1 million tonnes in the five months to Aug 22, Iranian semi-official Mehr news agency reported, as US sanctions on the country’s energy sector loomed.

Gas condensate shipments account for some 11pc of Iran’s total exports in value terms, Mehr reported.

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“According to the latest customs figures of Iran’s foreign trade, 4.167m tonnes of Iranian gas condensate, valued at $2.169 billion, was exported from March 21 to August 22,” Mehr reported on Saturday.

“The figures show a 41.6pc decline in weight and a 22.5pc decline in value compared to the same period (of 2017).”

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