TEHRAN (Iran News) Speaking at a ceremony marking the signing of Iran’s largest gas flaring recovery project—attended virtually by President Masoud Pezeshkian—Paknejad said that reducing gas flaring has long been a major concern for the oil industry. “Preventing the burning of associated gas and extinguishing flares has been one of the key environmental and economic priorities in recent years,” he said. “With a firm national commitment, significant steps have been taken to curb the waste of this valuable national resource.”

The minister emphasized that flare gas recovery plays a crucial role in reducing air pollution, protecting the environment, and improving energy balance, in addition to its considerable economic value. “This initiative prevents the loss of national wealth and transforms wasted gas into a valuable feedstock for industry,” he noted.

According to Paknejad, Iran has prioritized both short- and long-term flare gas recovery programs, carried out with the active participation and investment of private and non-governmental sectors.

He recalled that prior to the 14th administration, Iran had developed a total capacity of around 330 mcf/d for flare gas recovery through various projects, including the first phase of the NGL 3200 plant, and short-term projects in the Parsi Cluster, Marun 3, 5, and 6, and Cheshmeh Khosh.

Under the Seventh National Development Plan, Iran’s National Iranian Oil Company (NIOC) and National Iranian Gas Company (NIGC) are obligated to recover around 1.5 billion cubic feet per day (bcf/d) of flare gas by the end of the plan. “To meet this target, comprehensive plans have been designed and launched,” Paknejad said.

He outlined recent achievements, including gas recovery from Rag Sefid and Gachsaran 1 and 2, commissioning of the NGL 3100 plant, completion of the Marun 5 sour gas project, operation of compressors at NGL 1000, and launch of the Haftkel station. Additional projects under the Bidboland and Marun contracts are expected to come online by 2025.

“With the 12 new contracts signed today, flare gas recovery will gradually increase by about 295 mcf/d by the end of 1405 (2026–2027),” the minister said, adding that total recovery will reach the equivalent of 44 million cubic meters per day by the end of the Seventh Plan—a key quantitative goal set for the sector.

The 12 contracts—signed in the presence of President Pezeshkian—cover the recovery of flare gas from 32 flares across oilfields in Ahvaz, Rag Sefid, Bibi Hakimeh, Lali, Golkhari, Haft Shahidan, Kupal, Karun, and Zilayi, spanning the provinces of Khuzestan, Kohgiluyeh and Boyer-Ahmad, and Bushehr.

“These agreements mark a new phase in private sector participation and demonstrate the determination of Iranian engineers and managers to use energy resources efficiently,” Paknejad said.

He invited both domestic and knowledge-based companies to invest in remaining gas recovery zones, saying the government is actively facilitating private sector engagement.

According to Paknejad, the newly signed projects will add about 180 mcf/d of light gas to national production, generating an estimated $600 million in annual revenue from gas sales, processing, and value-added product chains. The projects are also expected to create around 2,000 direct and indirect jobs in the southern oilfields.

He stressed that these projects will also supply feedstock for petrochemical plants, supporting Iran’s broader strategy of completing its value chain in the energy sector.

Paknejad highlighted that all 12 projects are being implemented under a fully private investment model, with the government playing no financial role. “In line with the 14th administration’s strategy to end gas flaring, these contracts were awarded to private and semi-public companies,” he said.

Under the contractual framework, ownership of the facilities will rest with the private investor, who will utilize the recovered rich gas for further processing and sale under an agreed pricing mechanism. “All revenues and added value from these projects will belong entirely to the private sector,” the minister explained. “Iran ”

He described this as a major transformation in Iran’s approach to investing in flare gas projects, noting that the model has already attracted strong private sector interest. “This plan fulfills a long-standing dream of the oil industry. For decades, experts and executives have sought to capture and use flare gas to prevent the destruction of this national wealth,” he said.

Estimates suggest that with an investment of around $800 million, these projects will eliminate about 30 flares within two years, preventing the daily loss of over 295 mcf of natural gas.

The contracts are projected to generate $550–600 million in annual revenue, produce approximately 800,000 tons of gas liquids per year, and inject around 200 mcf/d of light gas into Iran’s national grid—helping meet domestic energy demand, particularly during the cold winter months.

Paknejad praised President Pezeshkian’s “unwavering support” for the oil sector and environmental sustainability. “Without his commitment, such large-scale progress in gas recovery would not have been possible,” he said, adding that the government is working to advance implementation timelines by at least one year ahead of schedule.

He concluded, “These projects are not just industrial initiatives—they are a gift to the Iranian people, ensuring cleaner air, sustainable energy, and dignified national development.”

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TEHRAN (Iran News) –Pakistan has stressed it is within its rights to import natural gas from Iran despite the US objections to fresh attempts by Islamabad to revive a 2009 gas supply agreement with Tehran.

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TEHRAN (Iran News) –A recent blast that hit gas pipelines in Iran has been perpetrated by the Zionist regime, Oil Minister Javad Owji told reporters on Wednesday.

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Niasar pointed out that the Iranian Parliament Energy Committee is seeking an acceleration of the exploitation of the joint fields.

“The Ministry of Oil in the 13th government is persistent to compensate for the shortcomings in the previous governments with respect to the joint oil and gas fields,” the MP said in remarks to Iran’s state news agency IRNA.

Niasar, a member of the Parliament Energy Committee, added, “The Ministries of Oil and Foreign Affairs in the 13th government are seriously pursuing consultations and diplomatic measures for the exploitation of the Arash joint field.”

Arash, also known as al-Durrah in Kuwait and Saudi Arabia, is a disputed joint gas field in the Persian Gulf, which has been at the center of the relations between Tehran, Kuwait, and Riyadh in recent months. Saudi Arabia and Kuwait have averred that Iran has no shares in the field, while Iran continues to demand its rights to the untapped field.

Shariati pointed out that forming a committee to monitor the use of joint fields is on the agenda of the Energy Committee.

The lawmaker also said that the Raisi administration, locally known as the 13th government, has moved to tackle the issue through negotiations with Riyadh and Sanaa.

“Although the 11th and 12th governments did not care about these fields, the 13th government is trying to resolve the differences in the case of the Arash oil and gas field peacefully by resuming relations with Saudi Arabia and negotiations between Sanaa, Riyadh and Tehran,” he said.

Oil Minister Javad Owji has said recently that Iran has let Kuwait know that it will tap into the Arash gas field even if the Arab country decides to shun cooperation.

Owji warned that Iran will not give up any of its rights when it comes to its rightfully-owned natural resources in the joint field.

Iran and Saudi Arabia have recently resumed full diplomatic relations after seven years.

The newly-appointed Saudi ambassador to Iran, Abdullah bin Saudi Al-Enzi, has arrived in the Iranian capital, elevating relations between Tehran and Riyadh to the ambassadorial level.

The new Saudi ambassador arrived in Iran at the same time as the Iranian ambassador to Saudi Arabia, Alireza Enayati, arrived in Riyadh.

The exchange of ambassadors between Iran and Saudi Arabia comes after the March 10 landmark deal between the two regional heavyweights that was brokered by China.

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The terms of the contract, under which Iran exports natural gas to Armenia in exchange for electricity, have been revised so that the energy exchange ratio is significantly improved in favor of the NIGC.

The contract was finalized this week during a ceremony in Yerevan attended by senior officials from both countries, including NIGC Head Majid Chegeni, Iran’s ambassador to Armenia Mehdi Sobhani, and Aram Ghazaryan, the CEO of the Yerevan Thermal Power Plant.

The preliminary agreement to extend the gas-for-electricity swap deal was worked out during Armenian Prime Minister Nikol Pashinyan’s visit to Tehran in November last year.

Officials say the Iran-Armenia gas pipeline has the capacity to transfer over one billion cubic meters of natural gas to Armenia every year.

EF/MA

Photo: Senior officials from Iran and Armenia pose for a photo after extending a gas-for-electricity deal in Yerevan on August 15.

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Speaking to ILNA, Changi said that talks with Turkey for extending gas imports contract from Iran which will expire in 2026 but there is still time for striking the deal. He reiterated that Turkey is determined to continue purchase of Iran gas.

On settling account with Iraq over its debt for importing gas from Iran, he said that Iraq’s energy ministry has paid all of its debts to Iran and Baghdad currently has no debt over gas imports from Iran but the problem is the transfer of the money from Iraq’s TBI bank and it should be resolved soon.

Touching upon imports of gas from Turkmenistan, he said that currently both countries are negotiating and the talks will continue more.

Changi also said that the government has approved new tariffs for those who overconsume gas and it will be announced soon. He added that the condition for tariffs has been improved comparing to last year and in this directives, some incentives have been taken into consideration for those who efficiently use gas.

On supply of fuel to power plants, he said that so far this year some 209 million cubic meters of gas has been given to the power plants which show considerable rise comparing to last year.

He added that the company has plans to strengthen pipelines in the country especially in the risky and dangerous areas.

Changi admitted that the company faces 250 million cubic meters of gas disequilibrium and to overcome it, optimization and storage are on the agenda.

He went on to say that for storing the gas, the company has two reservoirs in Shourjeh and Sarajeh and it has readiness for launching more reservoirs for the winter time and it has taken some incentives for it.

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Speaking on the sidelines of the Cabinet meeting on Wednesday, Iranian Oil Minister Javad Owji pointed out that Iran completely settled its dues to the Republic of Turkmenistan over the past 20 months for importing gas from this country.

The ministry will follow up on its share of gas trade with neighboring countries vehemently, he emphasized.

Effective steps were taken in the current administration of President Ebrahim Raisi in the oil, gas and petrochemical fields, the most important of which is related to the launch of extraterritorial and offshore refineries in the Latin American region and Venezuela in line with using capacities for processing crude oil, preventing the crude selling of oil and also creating high added value, Owji highlighted.

He further noted that his ministry will make its utmost efforts to construct such refineries in different countries.

Iran holds the second largest gas reserves in the world, he said, reiterating that the Oil Ministry is trying to create a gas hub in Assalouyeh region in cooperation with Russia, Turkmenistan and Qatar.

Owji also said that the country will continue to increase its trade with neighboring countries.

Iran’s share in importing, transiting, and swapping gas in the region is growing, said the minister, continuing, “The 13th (incumbent) administration has paid the debt Iran owed to Turkmenistan for importing gas in the previous governments.”

Asked why Iran, as the world’s second-largest holder of gas reserves, imports gas, Owji said, “Russia is the largest holder of gas reserves in the world and statistics show it has outlined plans for its transit and swap share. Iran is also trying to do so and has so far achieved desired results.”

“This field cannot be sanctioned and the world needs it, and the construction of such refineries will continue in different countries,” he concluded.

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“Gas swap from Turkmenistan has doubled,” Hossein-Ali Mohammad-Hosseini said at a panel on investment opportunities in NIGC, adding Iran is in talks with Turkmenistan to import gas.

Iran, Turkmenistan and Azerbaijan signed a gas swap deal for up to 2 billion cubic meters per year in 2021.

Iran was the third-largest gas producer in the world after the United States and Russia in last Iranian calendar year (ended March, 20, 2023), he stated, adding Iran produced 291 billion cubic meters of gas and injected 271 billion cubic meters of sweet gas to its national gas network.

The National Iranian Gas Company invested over 400,000 billion rials last Iranian calendar year, which will increase to 550,000 billion rials this year (to end March 19, 2023).

Iran’s gas industry needs about 40 billion dollars in investment by the end of the Seventh Development Plan, he said, adding 20 billion dollars are expected to be invested by private sector.

Hosseini also said that natural gas transmission via Iran’s national network is expected to reach 280 billion cubic meters in the current Iranian calendar year 1402 (began on March 21).

Speaking on the sidelines of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), Hosseini said the volume of gas transmitted through the country’s network increased by 2.2 percent in the previous year.

As IRNA reported, the official said NIGTC delivers natural gas to 2,200 pressure reduction stations, cities, and large industries such as petrochemicals and power plants.

“Gas is also stored at Shourijeh and Sarajeh storage facilities and injected into oil wells at three points,” he added.

Hosseini noted that NIGTC operates the National Iranian Gas Company (NIGC)’s largest physical asset which is the country’s national gas network, saying: “In total, there are 39,000 kilometers of high-pressure gas transmission lines, 90 pressure reduction stations, 61 operating yards and 330 compressors operating under NIGTC across the country.”

According to the official, the company also managed to complete 107 cases of major overhauls last year, and while conducting smart tracking on 3,000 kilometers of pipelines, 1100 cases of small repairs and 48,000 kilometers of leak detection were also carried out on the facilities and lines operated by the NIGTC.

Operating the largest natural gas network in West Asia, NIGC has been continuously expanding this network into the country’s most remote areas so that currently over 98 percent of the urban population, as well as 90 percent of the country’s rural population, have access to natural gas through this huge network.

IGTC, as the NIGC’s subsidiary in charge of the management, maintenance, and operation of the country’s national gas network, has been working around the clock to ensure a safe, secure, and sustained supply of natural gas throughout the country all year long, especially during the cold seasons.

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“We are implementing projects to develop oil fields in Iran and have outlined new projects, where I expect progress soon,” he said.

The Iranian minister, in turn, said the Russian and Iranian delegations had spent several hours at the negotiating table. Among other participants was Deputy Chairman of Gazprom Management Committee Vitaly Markelov.

According to Owji, the delegations discussed issues related to oil and gas.

“I am pleased to announce that major Russian companies have already arrived in Iran, came to terms with Iranian companies, and contracts are already being fulfilled,” he said, expressing hope that more contracts will follow in the future.

The sides also discussed the construction of nuclear power plants in Iran and other electrical power generation matters, Owji added.

The two countries’ delegations exchanged views on bilateral cooperation in the oil, gas, petrochemical, electricity, and nuclear energy fields.

Their discussions also revolved around following up previous memorandums of understanding and overcoming obstacles in the path of implementing the MoUs.

The Russian side was scheduled to complete studies on Iran’s oil fields soon and offer its assessment.

Iran and Russia’s gas experts explored all avenues and agreed to hold more talks on their cooperation.

According to the Iranian officials, Tehran and Moscow will sign deals later.

The delegations also talked about previous projects in the electricity sector.

According to an agreement, Russia has allocated a credit line for the construction of Sirik Power Plant in Iran.

It is a 1,400-megawatt gas-fired power plant in southern province of Hormuzgan.

The project of synchronizing Iran-Russia-Azerbaijan power grids was discussed.

Iran and Russia also exchanged views on financial issues of phases 2 and 3 of Iran’s nuclear power plant is southern province of Bushehr.

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