Iran Boosts Flare Gas Collection Capacity Amid Efforts to Reduce Emissions
Tehran is making significant strides in reducing flare gas emissions from oil production. The capacity for collecting associated petroleum gases has increased since the implementation of new projects, with a target to reduce flaring to 35 million cubic meters per day by the end of the fourteenth government.
The collection of flare gases in Iran's oil industry has reached over 16 million cubic meters per day, up from about 7 million cubic meters per day before the start of the fourteenth government. This increase is attributed to the operation of new processing units and the execution of short-term projects.
According to Reza Khilaei, Director of Oil and Gas Production Supervision at the National Iranian Oil Company, the sustainable capacity projected in long-term flare gas collection plans is about 1.9 billion cubic feet per day, a capacity that covers part of current flare gases and the needs of future development projects.
To achieve this goal, an estimated investment of $6 billion is required, of which approximately $4.5 billion has so far been provided by the private sector. The main model for project implementation is based on selling flare gas to investors, meaning that companies receive the gas, process it, and generate revenue from the project by extracting gas products and gas liquids.