Baku, Azerbaijan, Sept.9
By Fatih Karimov - Trend:
The Iranian Oil Ministry has developed a five-year plan to implement about 300 projects to collect associated petroleum gas from oilfields.
Mohammad Hossein Ardeshiri, the director of the HSE division of the Iranian Oil Ministry, said unfortunately Iran ranked second in 2012 for associated petroleum gas flaring, Iran's Shana news agency reported on September 9.
Collecting the associated petroleum gas could save the country $200 million annually, he said.
Moshtaq-Ali Gohari, Director for Combined Planning at National Iranian Oil Company, said on May 27 that currently 187 million cubic meters of associated petroleum gas is being collected per day.
Associated gas can bring benefits for the country, but they iit is flared up and burden the nation with huge losses instead, he added.
Iran will invest $11 billion to collect associated petroleum gas and establish natural gas liquids (NGL) plants, he added.
The construction of a NGL production plant in Iran's southern Kharg Island has progressed by 75 percent in the offshore section and 43 percent in the onshore section, he noted.
The project aims to collect 620 million cubic feet of oil associated gas per day. Some €1.5 billion will be invested in the project, he said, adding that $700 million has been invested so far.