...

No flaring at Iranian gas refineries planned by 2016

Iran Materials 7 September 2012 16:09 (UTC +04:00)

Azerbaijan, Baku, Sep.7/ Trend F.Milad/

Iran will implement a plan for putting out flares at gas refineries by the end of the fifth five-year development plan (March 2016) to reduce energy consumption.

National Iranian Gas Company Managing Director Javad Owji told the Mehr news agency that 25 million cubic meters of gas will be saved at gas refining units.

Associated gases can bring benefits for the country, but they are flared up and burden huge losses to the nation, instead.

Some 40 million cubic meters of associated gas in oilfields are burnt daily.

Iran has allocated $2 billion to collect associated gas at Kharg and Bahregan oil regions, the deputy oil minister for engineering affairs said in November 2011.
Hamdollah Mohammadnejad told the Shana news agency that the sum will be spent to collect 17 million cubic meters of associated gas.

He added that different projects, worth around $500 million, have been developed for collecting up to 99 percent of associated gases.

Some $15 billion cubic meters of associated gas is burnt at Iran's oilfields, bringing the country around $3 billion of loss annually.
Since 2001, Iran's annual imports of gas have been more than exports by nearly 71 billion cubic meters on the average, the Pana news agency reported. Iran is the second major holder of gas deposits in the world.

Tags:
Latest

Latest