Posted inExploration & Production

Oil-producing countries could lose a combined $82bn a year due to gas flaring

Algeria, Iran, Iraq and Libya were counted among the biggest gas flarers globally

Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is losing many oil-producing countries up to $82bn*, according to GlobalData. The data and analytics company notes that, even though technological solutions exist to avoid gas flaring, many countries persist with the activity, including developed countries such as the US and […]