Iran launches plan to cut down gas flaring

Business Materials 27 July 2016 15:01 (UTC +04:00)

Baku, Azerbaijan, July 27

By Emil Ilgar, Khalid Kazimov – Trend:

The National Iranian South Oil Company (NISOC) has signed several agreements with private sector companies on gathering associated gas flaring, Shana news agency reported July 27.

Bijan Alipour the managing director of the NISOC said that private companies are expected to collect 1.19 million cubic meters per day (mcm/d) of flared associated gas in Maroon 3 and 6 projects, Mansouri as well as Karanj Farsi oil fields.

He said that in next five years, some 6.27 mcm/d of flared associated gas in NISOC's fields would be allocated.

Iran's flaring gas amount stands at more than 30 mcm/d. Some reports even put the volume at 41 mcm/d.