News Code: 2799

Date of Release: 2018-08-06

Iran plans to contain associated gas from oilfields

Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said. The NIOC will sign two contracts worth $1.2 billion, with two domestic companies, namely Persian Gulf Petrochemical Industries Company and Marun Petrochemical Company, to implement the project, said […]

Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said.

The NIOC will sign two contracts worth $1.2 billion, with two domestic companies, namely Persian Gulf Petrochemical Industries Company and Marun Petrochemical Company, to implement the project, said NIOC Director of Investment and Business Mohammad Mostafavi, quoted by EqtesadOnline.

Associated gas is a form of natural gas found in deposits of oil. It is often released as a waste product. When it is burnt off in gas flares, it is referred to as flare gas.

The project is scheduled to be completed in two years, Mostafavi said, adding that it aims to prevent the emission of 22 million cubic meters of flare gas per day in the region.

The collected gas will be supplied to Iran’s under-construction Bid Boland-2 Gas Refinery and Marun Petrochemical Company, he added.

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