Iran’s condensate exports fell by 46 percent over the first six months of the Iranian year, from March to September, local news agency Isna reported , citing customs data. Quoting the Iranian-language source, Reuters reported condensate exports over the period totaled 4.644 million tons, compared with 8.629 million tons a year earlier. Condensate is a major export product for Iran, making up a large portion of its total oil and gas exports. Buyers of the superlight crude are under more pressure than importers of “regular” crude since there are few alternate suppliers. S&P Global Platts reported in August that South Korea was particularly concerned and eager to win a sanction waiver to be able to continue buying Iranian condensate. Reports about falling Iranian exports of oil and condensate abound, but there is one important detail: usually, these are reports about tracked tankers carrying Iranian oil and condensate. At the […]