Zero-flaring project to be implemented by 2027: Deputy minister
Iran will complete zero-flaring in its oil and gas industry by March 2027, announced the deputy oil minister for planning on Tuesday adding that the figure for collecting associated petroleum gas (APG) will hit 40 million cubic meters (mcm) in less than two years.
Talking to IRNA, Houshang Falahatian also said that the daily APG collection of Iran was 15 mcm to 18 mcm during the last Iranian year which ended on march 19 as the current figure of collecting APG in Iranian oil industry stands at 25 mcm.
Contracts worth over $5 billion were signed for the collection of associated petroleum gas (APG) in the 13th administration for field gas collection of the West Karoun and East Karoun fields of Karun as well as fields in the west of Iran, Iranian Oil Minister Javad Owji said on May 8.
“Currently, 11.5 mcm of APG are collected, which will reach 30 mcm by the end of the current Iranian year (March 20, 2025). Methane from the processing of these flare gases is injected into the national gas network as heavy compounds are fed to petrochemical complexes in order to create more added value,” he noted.