London, 9 Jan - A gas flare is a device that is used to burn off flammable gas that accumulates during oil and gas production. Iran flares a large percentage of the natural gas that comes from its oil production – more than 65% - because it does not have the means or the technology to collect it.
Iran used to release official reports and figures about the country’s gas flare levels, but it stopped this practice in 2015. However, the Planning and Budget Organization has indicated that the levels have increased dramatically. The figure for last year amounts to 17.7 billion cubic meters (bcm). It also said that the goal was for it to be around the 11 bcm mark, so it went massively over. The figure for 2016 was 15.7 bcm of gas flaring volume, so the trend is on the increase.