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Iran Economy Should Not Depend on Oil

Iran Economy Should Not Depend on Oil Iran Economy Should Not Depend on Oil

The amount of energy wasted in Iran due to daily flaring equals the energy produced by burning 5.5 million barrels of oil, a former lawmaker and a consultant to Majlis Speaker Ali Larijani revealed on Wednesday.
“Neither the government nor Majils feels accountable vis-a-vis such colossal waste, and this has been going on for years,” Mohammad Reza Bahonar was quoted as saying by ILNA.
Associated petroleum gas, or APG, is natural gas found with deposits of petroleum. Flaring is the practice of burning natural gas that cannot be processed or sold.
Government data show Iran burned as much as 56 million cubic meters of gas per week in 2008, which roughly equal the output of a standard South Pars phase in a day.

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