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Iran preparing to stop flaring over 6.80 mcm/d of gas

Business Materials 24 February 2017 18:13 (UTC +04:00)

Baku, Azerbaijan, Feb. 24

By Dalga Khatinoglu – Trend:

Iran is preparing to stop flaring 6.82 million cubic meters per day (mcm/d) of gas as well as gathering 0.5 mcm/d of acidic gases (H2S, CO2, etc.) in 10 days, Iran’s President Hassan Rouhani announced.

The announcement marks the second phase of the Amak Plan, aimed at reaching “no flaring” situation.

Currently, Iran suffers from above 30 mcm/d of flaring, especially at platforms.

The Amak Plan’s first phase, with $1.530 billion of investment, has decreased the flaring by 6.8 mcm/d since 2000.

Iran has invested $300 million in the second phase of the Amak Plan.

Iran is the third biggest flarer after Russia (96 mcm/d) and Algeria (41 mcm/d).

Since 2013, Iran offers tens of oil fields to local and domestic companies to collect the associated gas and convert it to power or CNG, but there is no result yet.

Operator

Number of oil fields

Flared gas (mcm/d)

National Iranian South Oil Company

21

6.2

Iranian Offshore Oil Company

11

10.16

Arvandan Oil & Gas Company

4

2.7

Iranian Central Oil Fields Company

4

0.3

Total

40

19.36

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