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Seven anti-flaring projects to be launched by Sept.
Talking to Shana, Mahmoud Amin-Nejad added that by launching the projects, a sum of 16 gas flares will be turned off in the East Karoun region as 250 million cubic feet of gas will be processed to be used as feedstock.
The contract for the renovation and construction of gas collection facilities in the East Karoun region was signed in 2018 between Persian Gulf Petrochemical Industries Company and the National Iranian South Oil Company (NISOC).
In January, the head of the National Iranian Oil Company (NIOC) said that the country’s oil fields will stop wasting flare gas within two years.
According to Mohsen Khojasteh Mehr, the NIOC has allocated $5 billion to projects for stopping flaring at oil fields, as the projects have progressed by 70%.
Gas flaring is the process of burning the gas released through certain industrial processes, including oil extraction.
Iranian Oil Minister Javad Owji said in March that the country’s oil and gas industry ranks first among the major gas exporting and producing countries in reducing flare gases.