The two projects launched in the presence of Oil Minister Javad Owji are aimed at collecting associated petroleum gas (APG) of East Karoun fields.

The contracts of NGL 900 and NGL 1000 decompression projects valued at $1.1 billion each were signed between the Persian Gulf Petrochemical Industries Company (PGPIC) and the National Iranian South Oil Company (NISOC) in 2018.

The Persian Gulf Bidboland Gas Refining Company, a PGPIC affiliate, agreed to implement and invest in the projects to enjoy sustainable supply of feedstock.