, NGL 3200, NGL Kharg and Bidboland 2 as plans under way by the Ministry of Petroleum for no flaring.
"These projects are not sufficient. We have to adopt successful methods in order to prevent flaring of associated gas," he said.
Zangeneh also said the first FLNG (floating liquefied natural gas) contract would be signed in the near future.
"The capacity of this FLNG is 500,000 tonnes a year, whose required gas we will be supplied by us," he added.
IPEC, Influential NGO
Zangeneh also described IPEC as an influential non-governmental body, saying it was finding its right direction.
"This club is continuing its life and will reach growth and blossoming," he said.
Zangeneh said the idea of IPEC establishment was raised in 2011 for the purpose of setting up a think tank for oil and energy without any dependence on government.
"We always seek to develop thoughts. I hope that more youth would join this club which has less than 200 members now," he said.
Trump Rhetoric Not Worrying
The second speaker was Ali Kardor, CEO of National Iranian Oil Company (NIOC).
He said that US President Donald Trump's anti-Iran rhetoric was not worrying.
"There is nothing worrying about Trump's remarks. A good path has been traced in Iran which I hope would continue in full strength," he said.
Kardor said 10 contracts were to be finalized in the current calendar year to March 2018.
He also referred to the conclusion of studies conducted by foreign companies, saying: "Hopefully these companies have understood our message of the significance of enhanced recovery and they have taken into consideration EOR and IOR methods in all their studies."
"At this stage, only technical proposals would be examined. In case technical aspects are reviewed and endorsed at the three layers of technical committee, reservoir consultants and reservoir supreme consultants, economic and contractual negotiations will be put on agenda," he said.
Kardor said Iranian exploration and production (E&P) companies had still time to establish bonds with foreign companies for future cooperation in the development of fields in Iran.
"Some foreign companies have yet to choose their domestic partners and we hope that Iranian E&P companies would boost their standards to become further influential in this regard," he said.
Kardor said that $300 million packages were being drawn up for different projects. "Necessary tender bids will be held and we hope that would provide potential for domestic companies and subsequently domestic manufacturers to boost their activities," he added.
Iran H/C Standing
Kardor said Iran was standing in a top position in terms of hydrocarbon reserves. He said Iran had brought its oil output to 6 mb/d before the 1979 Islamic Revolution.
"Over the past two years, by reliance on enhanced recovery we have concluded that reaching that level of production capacity is possible through practicing optimal management, enjoyment of foreign investment and state-of-the-art technologies," said Kardor.
He said the 6mb/d target would be achieved under Iran's 7th Five-Year Economic Development Plan.
Kardor said plans were under way for raising Iran's oil output to 4.5 to 5 mb/d by the end of the 6th Five-Year Economic Development Plan.
He said the cost price of oil production in Iran was acceptable, saying: "The cost price of oil production in Iran in foreign currency puts Iran among countries with lowest production costs. As we regularly monitor the economic model of international companies, Iran is among the best countries in the world in terms of profitability in this sector."
Kardor referred to field-oriented project implementation and said: "The resultant of outputs and specifically regulation of portfolio are among features of field-oriented performance. New oil contracts and other contractual frameworks for field development lie within such a framework."
He said that NIOC was planning to hire Iranian production companies to work in the West Karoun fields. "We had better establish companies for this purpose to work specifically in this sector. So far, some companies have become active in this sector."
Kardor said that international oil companies (IOC) had focused on reservoir and project management, as well as financing. "That is while Iranian E&P companies are still stuck in engineering