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Iranian and French companies inked an agreement on cooperation in flare gas recovery at a refinery in Iran`s South Pars gas field on Wednesday.
The agreement was signed by National Iranian Oil Company (NIOC). French oil and gas firm `SOFREGAZ` and Iran`s Sanat Sazeh Samin Co.
Iranian director of the South Pars sustainable development plan Ali-Mohammad Ahmadi. SOFREGAZ CEO Yann Aubry Lecomte and Managing Director of Samin Co. Kourosh Ahanj signed the 30-month agreement for the South Pars Second Refinery Flare Gas Recovery and Utilization Project (Phases 2&.3).
The implementation of the project costs 42 million euros.
The projct takes two years to be implemented. and and it needs six months to be handed over to the Iranian experts.
According to the Iranian officials. if the experiences to be gained from this project are successful. they will be used later to equip other South Pars refineries.
