Middle East Economic Survey

VOL. LIV

No 46

14-Nov-2011

IRAN

Iran Announces $2Bn Investment To Reduce Gas Flaring

Hamdollah Mohammadnejad, Irans Deputy Minister of Petroleum for Engineering and Domestic Manufacturing Affairs, told a 4 November meeting of Ministry of Petroleum managers that the government has already spent around $500mn in improving the recovery of associated gas from oil fields. He said that the ministry planned to invest a total of $2bn in projects to reduce gas flaring in...