Tag Archives | flaring

Refinery sells Associated Gas

The 9th refinery of the South Pars Gas Complex (SPGC) has signed a contract with an Iranian buyer to sell gas it had previously been flaring. According to the National Iranian Gas Company (NIGC), the deal was signed with the aim of optimizing energy consumption in the refinery and preventing waste of gas and pollution […]

Iran, Italy sign Gas Deal

Italy’s Ansaldo Energia has signed a memorandum of understanding (MoU) with several subsidiaries of the National Iranian Oil Company (NIOC) for converting flare gas into electricity at the supergiant South Pars Gas Field. In its first phase, the Italian company will produce 600 MW electricity and in the second phase about 1,000 MW electricity will […]

Iran Inks Flaring Deal with France’s Sofregaz

The National Iranian Oil Company (NIOC) and a consortium of France’s Sofregaz and Sanat Sazeh Samin for recovery and consumption of flare gas at a refinery at South Pars. Signed on Wednesday, the deal was signed by Ali Mohammad Ahmadi, operator of South Pars Sustainable Development Project representing NIOC, Sofregaz Managing Director Yann Aubry Lecomte […]

Iran Wastes $3.5bn a year in Gas Flaring

Deputy Oil Minister Mohsen Khojasteh Mehr has said that Iran loses at least 28 million cubic meters of natural gas due to flaring, wasting some $3.5 billion annually. Addressing Iran’s first International Flaring Conference in Tehran, he said that in addition to the financial cost, the practice also damages the environment. He urged the private […]