APG Contracts Worth $1.5b Underway in Khuzestan

The National Iranian Oil Company signed 28 contracts worth about $1.5 billion in 2021 with Iranian companies to collect associated petroleum gas in Khuzestan’s oilfields mainly operated by the National Iranian South Oil Company and Maroon Oil and Gas Production Company, the oil minister Said.
“APG collection projects have been designed with the aim of preventing gas flaring, preserving the environment, creating added value from gas collected from the fields in the east of Karoun River and providing sustainable feed to petrochemical companies,” Javad Owji was also quoted as saying by IRNA.
The ongoing initiatives are in different stages of construction and are expected to become operational over the next two years, he added.