Iran to Attract Foreign Investments to Recover Flare Gas

Iran plans to attract foreign investments for projects to collect flare gas in its South Pars gas field in the Persian Gulf region. Press TV reported on Friday.
The announcement was made following a Wednesday deal. worth 42 million euros (50.6 million U.S. dollars). between the National Iranian Oil Company (NIOC) and a consortium led by France`s Sofregaz to recover flare gas at the treatment plants of South Pars phases 2 and 3.
`Reducing the level of industrial pollution is an important issue and a key concern of the officials.` Mohammad Meshkin-Fam. the managing director of Pars Oil and Gas Company (POGC). was quoted as saying.
`The deal with Sofregaz is meant for the same purpose.` Meshkin-Fam said.
He expressed hope that the deal with Sofregaz would be the starting point for more agreements at all 13 treatment plants in South Pars gas field.
No natural gas should be eventually flared in the energy hub. he stressed.
`Iran is the leading country in the Middle East in terms of releasing pollutant gases into the atmosphere.` he said. `we hope that this situation would change.`
Based on the agreement signed on Wednesday. Sofregaz will cooperate with Iran`s Samin Sazeh over the project.

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