EghtesadOnline: Gas services company SOFREGAZ S.A. signed a $42 million deal with Iran's state oil company NIOC on Wednesday on collecting and reusing natural gas that is being burned off in South Pars Gas Field in the Persian Gulf.

EghtesadOnline: Plans are in place to bring the level of gas flaring in the giant South Pars Gas Field to zero and prevent up to 400 million cubic meters of associated petroleum gases from burning off annually.