Figures show Iran’s exports of condensate over a period of five months starting 21 March 2016 increased by 76 percent compared to the same period last year.

Figures show Iran’s exports of condensate have increased by 57 percent from March to June 2016.

South Korea is expected to increase purchases of the ultra light oil from Iran by more than 50 percent in June.

Iran’s biggest refining project, the $2.8 billion Siraf oil processing plant, is attracting interest from leading Asian economies and the Europeans who are intrigued by an imminent removal of sanctions, its top manager says.

South Korea says it prepares for increased inflows of crude oil and condensates from Iran as soon as sanctions are lifted.

Iran is planning to build eight condensate refineries in southern Bushehr province.

Iran on Monday began building its biggest refining plant to convert about half a million barrels per day of gas condensate into exportable products to Asia.