BAKU, Azerbaijan, March 2. For the National Gas Company of Iran, the collection of flare gas and its processing for the production of valuable products is of great importance, the head of the coordination and production control department of the National Gas Company of Iran Mohammadreza Jolayi said, Trend reports.
According to him, the National Gas Company of Iran has so far signed agreements on the collection of flare gas with all gas processing plants, except for two gas processing plants. Work is continuing within the framework of all these projects.
Jolayi said that with the signing of the agreement with the remaining two processing plants, the collection and processing of flare gas in the country will add 40 million cubic meters of gas per year to the country's gas network.
The company official noted that 20% of the flare gas flared in the country is under the control of the National Gas Company of Iran. This volume of gas itself is also important for the National Gas Company, and it is expected that the volume of flare gas flared with the project will be reduced to a minimum.
Currently 74 oil fields and 22 gas fields are active in Iran. There are 37 oil fields in the territory of the National Company of Southern Oil Zones of Iran, 14 in the territory of the Central Oil Zones of Iran, 5 in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. There are also 5 gas fields in the territory of the National Company of Southern Oil Zones of Iran, 13 in the territory of the Central Oil Zones Company, 1 in the territory of the Pars Oil and Gas Company, and 3 in the territory of the Offshore Oil Company.
The total hydrocarbon reserves of Iran are 1.2 trillion barrels. Iran can extract 340 billion barrels of it with its existing technological equipment. Iran can use about 30% and 70% remains unused underground.