Oil & Gas

Iran is (an energy superpower) a land of opportunities for investors in the oil & gas industry. The Petroleum industry in Iran plays an important part in it. Associated Gases that extracted with oil from reservoirs contain high amounts of valuable condensates. Billions of cubic meters of natural gas is flared annually at oil production sites around the globe. Flaring gas wastes a valuable energy resource that could be used to support economic growth and progress. It also contributes to climate change by releasing millions of tons of CO2 to the atmosphere. According to the latest official statistics, Iran’s total flared gas amount has remained unchanged since 2011 at about 40 million cubic meters per day.
An October 2013 report, produced under the World Bank Global Gas Flaring Reduction Partnership (GGFR) placed Iran third among nations in terms of flaring gas for 2011. GGFR says that in total, 360 million tons of carbon dioxide was released into the atmosphere by burning 140 bcm of flared gas in 2011.
As such solutions in oil and gas are spreading by ROVICO; and also due to the possibility of these solutions in the area and similar performed circumstances in the world; investment in this project while decreasing the technical risk, will make a very high added value for its owners.