Iran preparing to stop flaring over 6.80 mcm/d of gas
By 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 |
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!