Tag Archives | Basra Gas Company

Shell Quits Nebras Petrochemical Project

By John Lee. British oil and gas company Shell has withdrawn from the proposed $11-billion Nebras [Nibras] petrochemical project in Basra. According to Argus Media, the company said it made the decision, "after in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners." The company added: "This decision is in […]

Climate Adaptation Project to support Farmers in Basra

Basrah Gas Company and WFP Iraq launch a climate adaptation project to support smallholder farmers in Basrah Basrah Gas Company (BGC) and the United Nations World Food Program (WFP) have signed an agreement aiming to support local farmers in the Al Zubair district in Basrah through a climate change adaptation initiative which sets out to […]

BGC signs Agreement with BT for Secure Connectivity

By John Lee. British telecommunications company BT, and Iraq's Basrah Gas Company (BGC), have announced a new agreement to, "securely connect the company's operations in Iraq and help accelerate its digital transformation." Iraq's largest gas flare reduction company and a joint venture among the Iraqi Government, Shell and Mitsubishi, announced a new agreement to securely […]

PetroChina Takes Over as Operator of West Qurna 1

By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]

Basra Gas Company Achieves Record Export of Condensates

By John Lee. Iraq's Basra Gas Company (BGC) has exported a record shipment of 25,000 tons of condensates, the largest shipment ever exported by the company. Andrew Weir, CEO of BGC, said the shipment was a "major achievement that will boost export rates and enhance Iraq's financial revenues." "Iraq has the potential to be a […]

Iraqi Oil Minister Highlights Recent Achievements

By John Lee. During the opening of the first Iraq Oil Projects Exhibition and Licensing Rounds Conference in Baghdad at the weekend, the Minister of Oil reiterated his claim to have increased Iraq's oil and gas reserves by adding 6 billion barrels of crude oil and 32 billion standard cubic feet of gas. (Oil reserves […]

Natural Gas Liquefaction Plant opens at Rumaila

By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani has opened the first phase of the natural gas liquefaction plant project at Rumaila oil field. The project aims to utilize associated gas, and has a capacity of 200 million cubic feet per day in the first phase. By the end of this year, the project's […]

Will Iraq Finally Revive this Mothballed Megaproject?

By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraq Finally Revive This Mothballed Megaproject? For several years now, Iraq has been able to access all the technology required to turn part of its abundant crude oil and/or […]

Giant Nibras Petrochemical Project to be Revived

By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]

Plans to Increase Oil Production at Rumaila

By John Lee. The Iraqi Minister of Oil, Hayan Abdul-Ghani, has said that Iraq wants to increase production capacity of the giant Rumaila oilfield by 300,000 barrels per day (bpd). This would give it a potential output of 1.7 million bpd. He made the statement during his visit to to the field earlier this week, […]

Basrah Gas Company invests $87m to reduce Gas Flaring

By John Lee. Basrah Gas Company (BGC) has obtained endorsement from its shareholders to gather and process an additional 80 mmscf/d of the flared gas. On the 30th of November 2022, BGC's shareholders (South Gas Company 51%, Shell 44% and Mitsubishi 5%) signed the Final Development Decision (FDD), at the Higher Management Committee meeting, to […]

Basrah Gas Company appoints new Managing Director

By John Lee. Basrah Gas Company (BGC) has appointed Andrew Wiper (pictured) as its new Managing Director. Andrew has more than 20 years of experience in the oil and gas industry, most recently with Shell, and previously with the Shell-associated KPO in Kazakhstan. He holds a bachelor's degree in Electronic Engineering and a master's degree […]