Iran burns huge amounts of gas in flares every year, while this gas can become a powerful tool to circumvent sanctions. By converting flare gas into electricity and then extracting digital currency, it is possible not only to avoid wasting this valuable resource, but also to create a new way to sell oil and bypass sanctions.
Referring to separate meetings with the presidents of Turkmenistan and Russia, the president announced new agreements to increase gas cooperation.
The number of Iran's missing gas is so large that it can cover a part of the country's gas imbalance and deficit.
The CEO of Fajar Energy announced the government's agreement with the company's proposal to determine the gas rate based on a specific formula and said: This decision is an important step towards creating greater competitiveness.
The director of the 10th South Pars Refinery announced an acceleration to complete the fuel reduction operation of flare gases in this refinery.
The deputy CEO of Iran's National Drilling Company announced the drilling and final completion of 46 oil and gas wells in the first half of this year by using the company's drilling fleet in the land and sea areas of the country.
An expert in the field of energy said: Now the situation in Iran is such that pipelines have been built and launched in the north, south, east and west, and we are surrounded as an island.
The CEO of Iran Gas Engineering and Development Company emphasized the necessity of integrating the value chain in order to optimize gas production and consumption.
Referring to the volume of gas production and consumption in the country, the deputy oil minister for gas affairs announced: "There is no longer any conflict and now we have a gas shortage."
According to the report of the Majlis Research Center, the country's nominal gas refining capacity until 2022 is about 1030 million cubic meters per day, and 72.4% of this capacity has been used.
