The announcement was made by the Iranian Minister of
Petroleum, Javad Owji, during a press conference held on Wednesday.
According to Owji, the APG processing complex, which is set
to become operational soon, will have a daily processing capacity of 250 cubic
feet of flare gas. The facility is expected to process gas from several fields,
including North and South Azadegan, Yadavaran, Yadegaran, and Yaran as well as
the fields located in the West Karoon region, all located in different parts of
the country. The project is a significant investment for the country's
petroleum sector, with an estimated cost of $1.3 billion.
The launch of the APG processing complex is a crucial step
for Iran as it seeks to reduce its reliance on traditional sources of energy
and move towards cleaner and more sustainable energy sources. The project is
also a testament to Iran's commitment to the Paris Agreement, which aims to
limit global warming to less than 2 degrees Celsius above pre-industrial
The development of the APG processing complex has been
hailed by experts as a significant achievement for Iran's energy sector. The
country has been investing heavily in its energy infrastructure in recent years
to boost its oil and gas production and export capabilities.
Furthermore, Morteza Shahmirzaei, the Deputy Minister of
Petroleum for Petrochemical Affairs and the CEO of the National Petrochemical
Company (NPC), has expressed his full support for domestic manufacturing and
producers. Shahmirzaei emphasized that the development of the APG processing
complex is part of the country's broader efforts to promote domestic
manufacturing and enhance its petrochemical production capacity.
The launch of Iran's first APG processing complex is a
significant milestone for the country's energy sector. It represents a crucial
step towards a cleaner and more sustainable energy future while also boosting
Iran's standing as a major player in the global energy market.