TEHRAN - The Italian power engineering company Ansaldo Energia signed a memorandum of understanding with some subsidiaries of National Iranian Oil Company (NIOC) for cooperation on flare gas recovery, Shana reported on Wednesday.

National Iranian South Oil Company, Pars Oil & Gas Company (POGC), Iranian Central Oil Fields Company (ICOFC) and Iran Fuel Conservation Company inked the MOU with Ansaldo to collect flare gas for electricity generation and upgrading oil and gas equipment.

EF/MA