IFP Exclusive

Iran to Cease Burning Associated Petroleum Gas by 2023: Minister

Iran’s Minister of Petroleum Bijan Namdar Zangeneh has unveiled plans to stop the waste of flare gas and recycle nearly all associated petroleum gas in the country by March 2023.

Speaking at a videoconference on Thursday, held on the opening of the Persian Gulf Bidboland Gas Refinery megaproject in Iran’s southwestern province of Khuzestan, Zangeneh said the administration of President Hassan Rouhani has succeeded in fulfilling plans to collect the associated petroleum gas, particularly the gas that used to be flared.

“The issue of flare gas is one of the historical issues in the oil industry. It has been discussed for years, but it (flare gas collection) has not been implemented for various reasons… Plans have been devised in such a way that we will not burn any flare gas until end of year 1401 (March 2023), as more than 95 percent of the associated petroleum gas will be collected and used,” the oil minister said.

He also noted that the administration formulated plans at the beginning of the current Iranian year (March 2020) to inaugurate 17 petrochemical projects with an investment of $11.4 billion that would increase the daily production capacity to 25 million tonnes.

The minister said the huge Persian Gulf Bidboland gas refinery will be generating around $1.5 billion in revenue per annum.

“From a macro perspective, the project pursues also a regional development goal. This is a mother plan, which has fruitful children downstream. This project would supply the input for Bandar Imam Petrochemical Complex and supply the olephyne and polyethylene input for Gachsaran (complex),” he added.

Zangeneh also noted that two other petrochemical factories, each with a capacity of 300,000 tonnes, will come on stream in Gachsaran and Dehdasht which would consume olephyne and polyethylene.

“Trump’s team thought that we would die under the sanctions, but we didn’t die and they were destroyed. We are alive and have advanced our projects. Although the volume of our investment was reduced, no project was halted because of technology or equipment. We pressed on with our job. We are alive and lively. The hope in our hearts is much greater than before,” he underlined.

Zangeneh finally noted that the new megaproject would allow Iran to save around 60 percent of the associated petroleum gas, saying more projects will drive the flare gas waste in Iran down to zero by 2023.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Int’l lawyer: US plans to sanction countries cooperating with ICC on Netanyahu arrest

An international law expert and analyst has revealed the U.S. plans to impose punitive measures…

44 minutes ago

Minister of science: 25% of Iranian university professors emigrated due to economic challenges

Iran’s Minister of Science, Research, and Technology, Hossein Simayee Saraf, addressed on Thursday academic migration…

46 minutes ago

IRGC commander: ICC ruling against Netanyahu signifies political demise of Israel

The Commander of Iran’s Islamic Revolution Guard Corps (IRGC), Major General Hossein Salami, says that…

49 minutes ago

IRGC: US Iran’s main enemy, Israel can’t survive without its support

The spokesperson and deputy head of public relations for the Islamic Revolution Guard Corps (IRGC)…

3 hours ago

Iran says increased number of its centrifuges in response to the IAEA resolution

The Atomic Energy Organization and the Iranian Foreign Ministry announced that, in response to the…

4 hours ago

Iranian, Belarusian tourism ministers meet on facilitating tourist movement

Iran's Minister of Cultural Heritage, Tourism, and Handicrafts, Seyed Reza Salehi Amiri, met on Thursday…

7 hours ago