Iran’s flare gas recovery at 4 bcm per year: Minister
Iran is capturing some 4 billion cubic meters (bcm) per year of natural gas that is traditionally flared from its oilfields, according to the country’s Oil Minister Mohsen Paknejad.
Paknejad said on Monday that flare gas recovery from Iranian oilfields will quadruple in the next four years to reach 16 bcm per year.
He said that Iran had introduced plans to accelerate flare recovery in Rag Sefid oil field in the oil-rich province of Khuzestan in the country’s southwest.
The minister added that some 120 million cubic feet (3.39 million cubic meters) of flare gas will be captured and used every 10 to 15 days in Rag Sefid by late March.
Paknejad said, however, that the Oil Ministry plans to speed up flare recovery in oil fields in the second half of the calendar year starting late March.
Iran has authorized its major petrochemical companies to capture flare gas from oilfields to use it as feedstock in their plants.
In March 2022, the country awarded contracts to domestic firms to reduce gas flaring in oilfields by nearly 17 million cubic meters by 2024.
The Persian Gulf Petrochemical Industries, which is the largest state-run holding of petrochemical plants in Iran, is currently working on a $1.1 billion project to extinguish 55 gas flares in Rag Sefid.
The project is expected to create 17 mcm per day of new feedstock supplies for the petrochemical plants operated by the company.
Oil Ministry authorities announced more than two years ago that the country would meet a zero flare target in 2025 by ending 40 mcm per day of flaring in its oilfields.
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