BAKU, Azerbaijan, December 19. Iran aims to reduce the volume of flared gas at its gas processing plants by 2.5 million cubic meters per day by the end of the current Iranian year (March 20, 2025), Iran's deputy oil minister and executive director of the National Gas Company Saeed Tavakoli told reporters, Trend reports.
According to him, about 8 million cubic meters of flared gas are currently burned daily at Iran's gas processing plants. The flared gas is mainly burned at South Pars Gas Company's plants.
Tavakoli noted that it is planned to reduce the amount of flared gas burned by 5.5 million cubic meters per day by the end of the year.
The deputy minister added that in addition to this, several projects are underway at the gas processing plants. The infrastructure within the projects is expected to be completed by next year. After the completion of infrastructure works and tests, the volume of flared gas at gas processing plants in the country will be reduced by 3 million cubic meters per day.
Iran's daily gas production exceeds 1 bcm. A total of 23 gas processing plants operate in Iran.
To note, a total of 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, 5 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 5 gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates 1, and the Offshore Oil Company operates 3.
The South Pars gas company processes the rich gas produced from the South Pars gas field. More than 75 percent of the gas consumed in the country is supplied by this company. The company has 12 processing plants.