By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
Tag Archives | Basra Gas Company
Tags: Ahmed Mousa Jiyad, al-Ahdab, Badra, Bashneft, Basra Gas Company, BGC, Block 10, BP, China, China National Petroleum Corporation (CNPC), CNOOC News, CPECC, Eridu field, Exxon, Exxon Mobil, ExxonMobil, featured, Garraf, Gazprom, Gharraf, Inpex, Itochu, Japex, Majnoon, mn, Nibras, Occidental Petroleum, oil contracts, Rosneft, Russia, Shell, SINOPEC, Total, TotalEnergies, United States, Zhenhua Oil, Zubair
Iraq Borrows $360m to Reduce Gas Flaring
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is […]
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Iraq to Invest $3bn in Basra Gas Company
By John Lee. Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail (pictured), has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC's gas production capacity from 1,000 to 1,400 […]
Foreign Staff Evacuated from Basra Gas Company
By John Lee. Shell has reportedly evacuated its foreign staff who had been working at the Basra Gas Company (BGC). BGC executives told Reuters that around 60 staff were flown out on Wednesday after workers who had been laid off staged a protest. Shell has a 44-percent stake in the $17-billion, 25-year BGC project, with […]
Shamara to provide Power for Basra Gas Plant
By John Lee. The Basrah Gas Company (BGC) and Shamara Holding have reportedly signed a contract under which Shamara will supply electricity to the Basra Natural Gas plant. According to The National, the contract will enable the plant to process by-product gas that would other wise be flared from the Rumaila, Zubair and West Qurna-1 […]
Tags: Basra Gas Company, BGC, featured, flaring, mn, Natural Gas, Rumaila, Shamara Holding, West Qurna Oilfield News, Zubair
Wood Group expects Increased Activity in Iraq
By John Lee. Scottish-based engineering firm Wood Group plc has said that its operations in Iraq will see increased activity. In its half-year results for the six months ended 30 June 2019, the company said: "Growth in 2019 will be led by Operations Solutions, where we expect increased activity in Iraq with customers including Basra […]
Tags: AMEC, AMEC Foster Wheeler, Basra Gas Company, BGC, featured, Foster Wheeler, mn, United Kingdom, Wood Group
KNM Wins Contract at Khor Al Zubair
By John Lee. FBM-KNM FZCO, an indirect wholly-owned subsidiary of Malaysia's KNM Group, has been awarded a contract for the supply and delivery of replacement heat exchangers to the Khor Al Zubair’s gas processing plant in Basrah Province. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million […]
Wood Group sees Increased Activity in Iraq
By John Lee. Wood Group has said that it is seeing strong growth in the Middle East due to "increased activity in Iraq with Exxon and Basra Gas [Company (BGC)]". In its full year results for the year ended 31 December 2018, the UK-based energy services company said it sees "opportunities in Middle East driven […]
Tags: Basra Gas Company, BGC, Exxon, ExxonMobil, featured, Ghabet El Iraq for General Contracting and Engineering Services Engineering Consultancy, mn, Touchstone General Contracting Engineering Consultancy and Project Management LLC, Wood Group
Chinese Company "wins Contract" to build NGL Plant
By John Lee. A Chinese company has reportedly won a contract to build a natural gas liquids (NGL) plant in Basra. According to Xinhua, China's Petroleum Engineering and Construction Corporation (CPECC) signed the contract on Wednesday with Iraq's Basra Gas Company (BGC). As a result of the new plant, BGC will increase its gas production […]
Tags: Basra Gas Company, Basra News, BGC, China, China Petroleum Engineering Construction Company, CPECC, featured, gas, mn, ngl
Basrah Gas Company to Increase Capacity by 40%
By John Lee. Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a "final investment decision (FID)" on its growth programme, which will increase BGC’s capacity by 40 percent. According to Oil and Gas Middle East, the decision was taken with the support of all BGC's shareholders: South Gas Company (SOC), Shell […]
Tags: Basra Gas Company, BGC, featured, flaring, gas capture, gas production, Mitsubishi, ngl, Ratawi, Shell, South Oil Company (SOC)
BGC to Increase Gas Output by 16% by end-Dec
By John Lee. The Basra Gas Company (BGC) is expected to increase production from its current level of 900 million cubic feet per day (mcf/d) to 1,050 mcf/d by the end of this year. A statement from the Ministry of Oil on Thursday added that the project aims to reach a target of 2,000 mcf/d […]
Tags: Basra Gas Company, BGC, featured, gas capture, gas production, Japan, Mitsubishi, Rumaila, Shell, West Qurna Oilfield News, Zubair
Shell plans Major Expansion at BGC
By John Lee. Having sold its stake in the West Qurna 1 project to Japan’s Itochu, Shell is now said to be "fully committed" to the giant Basra Gas Company (BGC), which captures gas from Iraq's southern oilfields. Frits Klap, managing director of BGC, told Reuters that processing capacity has more than tripled to 938 […]