The Iran Project
: The Iranian oil minister said the country’s oil and gas industry ranks first among the major gas exporting and producing countries in reducing flare gases.
Friday 8 March 2024 - 21:17
Story Code : 417168
Source : Mehr News
Oil Minister:
Iran ranks 1st among 70 countries in reducing flare gas
According to the secretariat of the GECF, the average natural gas production growth stands at 2.5 percent, with Iran managing to register a 5% gas production growth, he added.
The next edition of the GECF will be held in Iran in November 2024, the oil minister revealed, adding that Iran presented its up- and downstream capabilities in the oil and gas industry at the Algeria forum.
In addition, Iran unveiled a new format of contracts in developing the country’s gas fields to attract foreign investors, Owji highlighted.
He further pointed out that Iran concluded good agreements with the member states of gas-exporting countries in the fields of exporting technical and engineering services, selling gas byproducts, developing gas fields, and developing gas pressure-boosting stations.
Reporter : Editorial of The Iran Project
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