Iran faces yet another setback after US sanctions

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Iran faces yet another setback after US sanctions

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.

“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.