Iran’s Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported.

He noted that the currently collected APG amounts to 4 bcm per year. 

Paknejad, emphasizing the importance of reducing gas flaring, said that significant volumes of gas are currently being flared in upstream oil operations, representing a loss of national resources.

He explained that the country set projects and measures under short- and long-term plans to address this issue. 

The Monsiter highlighted that over the past month and a half, approximately 40 million cubic feet per day (mmcf/d) of gas has been collected from the Rag Sefid oil field.

This figure has now reached 80 mmcf/d and is expected to rise to 120 mmcf/d by the end of the Iranian calendar month of Farvardin (mid-April). 

He expressed his hope that this process will continue until gas flaring and the waste of natural resources are eliminated.