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Hamid Chitchian. a former minister who currently advises the government on energy issues. said that Iran was planning to economically and technically benefit from a huge stock of flared gas that is currently wasted through the stacks in refineries.
Chitchian said new surveys had revised Iran’s estimates about the amount of flare gas existing in the country. saying there were about 16 billion cubic meters (over 52 billion cubic feet) of the gas that could be used for various economic purposes. including power generation.
The official said research centers affiliated with the oil and energy ministries had reached valuable achievements in their joint efforts to optimize the use of flare gas in Iran. according to remarks covered by Iran’s Oil Ministry.
He would not elaborate whether foreign companies with experience in the field would be involved in flaring projects in Iran.
However. the announcement comes as Iran is seeking to offset the impacts of US sanctions on its oil industry.
Once a pure crude exporter. Iran has managed to expand downstream operations in the oil and gas sector both to meet a growing domestic demand for energy and to open up new markets for its refined products.
Commercializing flare gas would enable Iran to diversify energy resources for power plants and industrial units while it can also be exported to other countries.
