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Iran to Shut Down 14 Associated Gas Flares by Year-End, Boosting Petchem Feedstock

Iran to Shut Down 14 Associated Gas Flares by Year-End, Boosting Petchem Feedstock
(Saturday, January 25, 2025) 15:38

TEHRAN (NIPNA) – Iran plans to shut down 14 associated gas flares by the end of the year, adding approximately 4 million cubic meters per day to the petrochemical sector’s feedstock capacity, according to Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC).

Speaking during a local administrative council meeting in Mahshahr on Thursday evening, Abbaszadeh emphasized the strategic significance of Mahshahr, which hosts 27% of Iran's petrochemical production capacity. "This region holds exceptional importance, as one-third of Iran's petrochemical industry is concentrated here," he stated.

Abbaszadeh highlighted the economic and environmental benefits of shutting down the flares, made possible through collaboration with the National Iranian Oil Company (NIOC). The initiative aligns with Iran’s broader goals of optimizing resource utilization and reducing environmental pollution.

He noted that over 30,000 individuals are currently employed in Mahshahr’s petrochemical sector, underscoring the job-creating potential of downstream industries. "We must not overlook the employment opportunities offered by downstream petrochemical industries and should focus on establishing the necessary infrastructure for their expansion," he added.

Abbaszadeh also pointed out that $80 billion has been invested in Iran’s petrochemical industry, with $30 billion of that allocated to Mahshahr. The region has also seen significant environmental efforts, including the development of 1,300 hectares of green space and the planting of over 9 million mangrove saplings in recent years.

The move to shut down the associated gas flares represents a key step in boosting feedstock availability, supporting Iran's ambitions for growth in the petrochemical sector.

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