Highlights Exports climbed to reduce inventories Inventories had built up under previous administration Petrochemicals industry also used some stockpiles Iran has increased its natural gas condensates exports under the new government after stockpiles surged to nearly 90 million barrels, oil minister Javad Owji said on March 16, the ministry’s news service Shana reported. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Exports have climbed by two and a half to three times since the new government took office, from a base of about 20,000 barrels to 60,000 barrels, Owji said. President Ebrahim Raisi took office in August 2021. Gas production was increased to meet winter demand for heating under the previous administration, but with it brought more output of gas condensates, which were put into storage, he said. Iran had 85 million to 87 million barrels of gas condensates in storage offshore and […]