Speaking to reporters on the sidelines of the weekly cabinet session, the minister added the country has also boosted its gas production by nearly 50 million cubic meters per day (mcm/d) since the incumbent administration took office in August 2021.  

The Oil Ministry has delivered further 36 mcm/d on average to power plants in the seven months to October 22 and 6 mcm/d more to big industries when compared to the corresponding period in the previous year, said Owji, adding the plants’ diesel and furnace oil consumption has been cut by 20 million liters a day.

Shifting to associated petroleum gas (APG) collection, he explained 11.5 million cubic meters of flare gas have been gathered in East and West Karoun fields daily, adding the figure will soar to 19 mcm by the end of the Iranian year (March 19, 2024) – equal to the volume produced in one phase of the South Pars gas field.