The Ministry of Oil, by announcing the daily collection of 17 million cubic meters of associated gas and flare gas, has taken new steps towards reducing flaring and optimizing the country's energy resources. This program is designed to preserve national resources and reduce the environmental impacts resulting from the burning of these gases.
Ministry of Oil's Actions in Collecting Flare Gas
According to existing reports, the volume of gas collected in the country's oil industry has reached 17 million cubic meters per day. This figure indicates a significant increase in the volume of collection of this type of gas compared to previous years. The Ministry of Oil has also referred to the development of processing infrastructure and increasing private sector participation in this area. The goal of collecting a major portion of flare gas by the end of the seventh development plan is one of the main focuses of this program.
Read more: Antero Resources Announces Natural Gas Production Decrease Compared to Low Appalachian Prices
Environmental and Economic Consequences of Flaring
Flaring, as an environmental issue in the country, has posed serious challenges for the government and the people for years. Burning flare gas not only leads to the waste of national resources but also has destructive effects on the environment. According to the World Bank's Global Gas Flaring Tracker report, the volume of gas flared worldwide will reach 167 billion cubic meters by 2025, indicating a 6% increase compared to previous years.
This data emphasizes that various countries must seek effective solutions to reduce flaring and optimize the use of their gas resources. In this regard, the Ministry of Oil has focused on developing new projects and assigning them to private investors to improve conditions and reduce environmental damage.
Given the importance of this issue, it is expected that with the increase in the collection of flare gas and the improvement of infrastructure, we will witness positive transformations in the country's oil and gas industry. These actions will not only help preserve national resources but also lead to the provision of fuel and feedstock for industries.
Read more: Sultan Al Jaber Warned of Draining One Billion Barrels from Global Oil Reserves · Hassan Nasr-Asfahani Appointed as Head of Oil Industry Pension Funds




