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 […]
Tag Archives | LPG
Video: Iraq Struggles to switch to LPG
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq struggles to switch from use of imported fuel to national gas The Iraqi government is trying to get people to switch from imported fuel to locally produced gas. All new public transport […]
Trial Shipments of LPG from Badra Oilfield
By John Lee. Russia's Gazprom Neft has reportedly started production of liquid petroleum gas (LPG) at its Badra field in Wasit Province. According to Energy Business Review, the company has started trial shipments of LPG to Iraq’s state-owned gas filling company, and to the Az-Zubaydiyah power station. The facility is expected to be operation in […]
Tags: Badra, Electricity In Iraq, featured, Gazprom Neft, Liquid Petroleum Gas, LPG, Russia, Wasit, Zubaydi
Hexagon Composites Awarded Major New Order in Iraq
Hexagon Composites' subsidiary Hexagon Ragasco has received a new major order for LPG cylinders from Gas Filling Company (GFC) at a total value of around USD 15 million (approximately NOK 120 million). Deliveries are scheduled to commence in fourth quarter of 2017 and continue through first quarter of 2018. With this order, Iraq is expanding […]
Tags: DJ, featured, gas distribution, Gas Filling Company (GFC), Hexagon Composites, Hexagon Ragasco, LPG, Norway, WW
Iraq to Begin Snuffing Out Flares
Oil-producing countries yet to address their gas flaring may begin to feel there are no more excuses. In a remarkable and bold decision, the government of Iraq recently endorsed the “Zero Routine Flaring by 2030” Initiative, (ZRF), which means the country has committed to not routinely flare associated gas in any new oil fields and […]
Tags: Basra Gas Company, BGC, featured, flaring, Global Gas Flaring Reduction Partnership (GGFR), Liquid Petroleum Gas, LPG, Mitsubishi, Shell, South Gas Company (SGC), United Nations, World Bank, Zero Routine Flaring by 2030 Initiative (ZRF)
Mega-sized Cargoes Arrive at Iraq Port
The largest cargoes ever to arrive in Iraq have been unloaded at Basra Multipurpose Terminal (BMT), in the port of Umm Qasr. The four LPG Bullets with unit weights of 665 tons were carried on the MV Happy Star. They measure 65 meters in length and 12 meters in diameter, and will be used at […]
Tags: Basra Multipurpose Terminal (BMT), DJ, featured, HDGSK, Karbala, Karbala refinery, Kerbala, Kerbala refinery, korea, LPG, Ports, Refineries, South Korea, State Company for Oil Projects (SCOP), Umm Qasr, Umm Qasr Port
Increased Exports of LPG from Iraq
By John Lee. In its third-quarter results, Epic Gas says that increased LPG production at the Basrah Gas LPG plant has resulted in surplus tonnes available for export. The company said that it has recently noticed a growing number of pressure cargoes coming out from Iraq, and it expects to see this trend continue. (Source: Epic […]
Condensate and LPG Exports Continue
By Simon Kent. Iraq's Ministry of Oil have announced that 2 cargoes, one of LPG, one of Condensate, have departed the export terminals at Basra. Iraq began exporting LPG earlier this year through its Basra Gas Company Joint Venture, a consortium of Shell, Iraq's South Gas company and Mitsubishi as the minority stakeholder. Proceeds will […]
Hexagon Ragasco Wins Iraq Order
By John Lee. Norwegian company Hexagon Ragasco, a wholly-owned subsidiary of Hexagon Composites, has received an order of USD 13.6 million for the supply of LPG cylinders to Iraq. The order is for delivery in the second half of 2014. Jon Erik Engeset (pictured), CEO of Hexagon Composites, commented: "We are very pleased with the performance […]
Iraq's Oil Projects Co Seeks Bids for LPG Depot
Iraq's Oil Projects Company seeks bids for an LPG loading and unloading station at the Samawa (Sumawa) depot. The deadline for the receipt of bids is 12:00 noon on 15th February. Please click here to download details.