Dubai Cuts Imports of Gas Condensates From Iran

DUBAI--Dubai has sharply reduced its purchases of natural gas liquids from Iran, falling in line with other nations that have curbed their imports of Iranian energy in response to U.S. pressure.

Over the past six months, the government-owned Emirates National Oil Co. has halved its purchases of Iranian condensates, a light fuel that is refined into jet fuel, gasoline and other petroleum products, according to shipping and industry officials. Imports of Iranian condensate were running about 4 million barrels per month in mid-2012, but by December had been cut back to 2 million barrels, the officials said.

Enoc "has shown the U.S. officials that they are very serious about reducing Iranian imports despite the fact that their refinery is dependent on Iranian condensates," said a Gulf-based official familiar with Enoc's purchases.

http://www.zawya.com/story/Dubai_cuts_imports_of_gas_condensates_from_Iran-ZW20130131000074/