Roknodin Javadi stated that the plan to produce one million barrels of Iranian oil in the post-sanction era merely pertains to crude oil; “we hold a separate program for production and export of gas condensate," he asserted.
Managing director of the National Iranian Oil Company (NIOC) announced that the implementation of new phases of South Pars oilfield has increased the country’s gas condensate production capacity; “consequently, we have currently stored some amount of gas condensate on the water which is due to a technical problem in one of the Chinese refineries as well as the increased production in South Pars."
Estimating that the lifting of sanctions will lead to a soar in the country’s export volume of gas condensate, Javadi said “unlike gas condensate, no crude oil cargo has been stored on the water.”
