Iran ranks first in collecting flare gases among 70 countries: Minister
Iranian Oil Minister Javad Owji said on Wednesday that Iran’s oil and gas industry has achieved the first rank in collecting flare gases among gas-producing and exporting countries.
On the sidelines of a cabinet meeting on Wednesday, he referred to a report by the recent Gas Exporting Countries Forum (GECF) held in Algeria, adding that Iran’s oil and gas industry has successfully secured the first rank in collecting flare gases and operationalizing them among the countries supplying 70 percent of the world’s gas, ISNA reported.
According to Owji, a comprehensive report was given at the forum on the situation of gas reserves and gas production among member states which supply 70 percent of the world’s gas.
According to the secretariat of the GECF, the average natural gas production growth stands at 2.5 percent, with Iran managing to register a 5 percent gas production growth, he added.
The next edition of the GECF will be held in Iran in November 2024, the oil minister revealed, adding that Iran presented its up- and downstream capabilities in the oil and gas industry at the Algeria forum.
In addition, Iran unveiled a new format of contracts in developing the country’s gas fields to attract foreign investors, Owji said.
He further pointed out that Iran concluded good agreements with the member states of gas exporting countries in the fields of exporting technical and engineering services, selling gas byproducts, developing gas fields, and developing gas pressure-boosting stations.
The minister said that Iran’s oil and gas pipeline infrastructure for energy transit from north to south, east, and west is fully prepared, and good proposals were made by President Ebrahim Raisi to this global
assembly.
Raisi on Wednesday praised the Oil Ministry for the successful implementation of projects for capturing associated petroleum gas (APG) over the past two years.
In a cabinet weekly meeting, he expressed his satisfaction with the ministry’s performance after Iran received the GECF Award for Long-Term Commitment to Natural Gas in 2024 for doing unique research into flare gas collection and putting the research into practice on the sidelines of the 7th GESF Summit of Heads of State and Government in the Algerian capital Algiers.
Raisi urged the acceleration of the implementation of APG collection projects in an effort to prevent the burning of national wealth and the polluting of the air.