BAKU, Azerbaijan, September 2. Iran’s Ministry of Petroleum has rolled up its sleeves to capture associated gas, setting its sights on a long-term goal of reaching 16.5 billion cubic meters annually, which is the equivalent of 45.4 million cubic meters per day, by 2029, Trend reports via the ministry.
Upon the ascension of the incumbent administration in August 2024, the quotidian throughput of apprehended flared gas was quantified at 9.3 million cubic meters. The metric has now escalated to 19.9 million cubic meters. The ministry's strategic roadmap delineates an objective to transact 12 million cubic meters on a daily basis, culminating in an annual throughput of 4.4 billion cubic meters.
So far, with private sector support, seven projects have been commissioned, enabling the collection of 60 million cubic feet of associated gas daily (about 1.7 million cubic meters). Work is currently underway on nine additional projects to capture 118 million cubic feet daily (about 3.34 million cubic meters), and contracts are expected to be signed soon for four projects to collect 20 million cubic feet daily (about 566,000 cubic meters).
As many as 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
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