Persian Gulf Bidboland Refining Company has signed eight contracts worth about $520 million on Thursday with Iranian companies to collect the associated petroleum gas in East Karoun fields, which are mainly operated by the National Iranian South Oil Company.
APG collection projects have been designed with the aim of preventing gas flaring, preserving the environment, creating added value from the gas collected from the fields in the east of Karoun River and providing sustainable feed to petrochemical companies, the Oil Ministry’s news agency Shana reported.
Also on Thursday, storage tanks and facilities of Bidboland Refinery for export products and its independent pier in Mahshahr were inaugurated.
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