Bahoush added that the project will be completed in August 2024, noting the complex has been able to achieve considerable success in view of halting gas flares last year.

By completion of the project, the daily volume of gases being burnt will fall to 5.3 million cubic meters per day from 8.7 million cubic meters per day two years ago, he said, noting “right now, gas stacks are burning 7.4 million cubic meters of associated gases per day.”

The CEO said elsewhere in his remarks that the complex has started a 3-phase process for buying, implementation and holding auctions, expressing hope that the process to bear fruit in the shadow of Jihadi efforts are made at South Pars Gas Complex.

When the remaining gas flares sale project is completed, the volume of the burning associated gases of the complex will shrink by another one billion cubic meters annually, he said.  

“The rate of the progress of halting gas flares projects implementation are reported and monitored at weekly meetings of the managing director of South Pars Gas Complex and NIGC’s director for coordination and supervision in which the bottlenecks and challenges are reviewed regularly.” He noted.

According to him, 9 gas processing plants were able to achieve their 1-year targets fully, overcoming challenges they faced during the last Iranian calendar year of 1402, which ended 19 March 2024.