Non-oil exports from Iran’s South Pars, the world’s largest gas field, rose 23 percent over the past year, its head of customs said on Saturday, according to an Iranian agency.
Iran exported 17.56 million tons of non-oil material from South Pars, worth 8.32 billion dollars, a 23 percent increase in the value of exports in the year ending August 24, Ahmad Pourhaydar said.
He added that during the same time period, Iran exported 14.37 million tons of gas condensate from South Pars, worth 7.56 billion dollars, a 1 percent increase from the previous year, Pourhaydar said.
The French oil and gas giant Total confirmed earlier this week that it had notified the Iranian authorities of its withdrawal from the multi-billion dollar South Pars gas project after it failed to obtain a waiver from US sanctions.
Separately, Iran has criticized OPEC after it signed sanctions against it.
Iran notified OPEC this month that no member state should be allowed to acquire the stake of another member in oil exports.
The West Texas Intermediate for October delivery rose 0.89 cents to settle at 68.72 US dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 1.09 dollars to 75.82 dollars a barrel on the London ICE Futures Exchange.
Shipments from the OPEC members may drop to under 1 million barrels a day by mid-2019, according to industry consultant FGE.
The oil rig count fell to 860 in the week to August 24, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday.
