Environmental Project Launched in Kharg Island

Iranian Offshore Oil Company, affiliated to the National Iranian Oil Company, has inaugurated an environmental project in Kharg Island off the Persian Gulf.
The project transfers gas from Forouzan offshore complex to Kharg, prevents the burning of associated petroleum gas, reduces environmental pollution and improves feedstock supply to Kharg Petrochemical Company to raise methanol and LPG output, the Oil Ministry news agency Shana reported.
It is estimated that the process will prevent the burning of 1.2 million cubic meters to 1.8 mcm of gas a day. Collecting APG from oil and gas fields is a priority of the Oil Ministry to help safeguard the environment, prevent loss of national wealth and create jobs.
Collection of APG is an important safety measure at many oil and gas production sites as it prevents industrial plant equipment from over-pressuring and exploding.
Iran has made progress in using flare gas either for power generation or as a feed for refineries. It has been reported that   the government has invested $5 billion in eco-friendly and related projects.
Despite the progress, Iran has the highest rate of energy waste in the form of APG in the Middle East and ranks third in the world in terms of gas flaring after Russia and Iraq. 
The IOOC is involved in developing oil reservoirs in the Persian Gulf, including Forouzan, Abouzar, Hendijan, Bahregansar, Reshadat, Soroush, Norouz, Salman and Doroud fields.
Oilfields under IOOC management hold an estimated 100 billion barrels of crude comprising roughly 15% of Iran’s total known reserves. 
IOOC also manages Iran's first floating production, storage and offloading vessel, the FPSO Cyrus and extracts crude oil from South Pars, the giant gas field shared between Iran and Qatar.