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6 FAQs about [Iraq b g r company]
What is Basrah gas company (BGC)?
Basrah Gas Company (BGC) is an Iraqi joint venture established in 2013, to utilize Basrah’s natural gas resources and convert it into much needed energy essential for the people of Iraq. BGC aims at fulfilling Iraq’s energy strategy by investing further in its natural gas and achieving energy independence -supporting the country’s economy.
What is Basrah gas company?
Basrah Gas Company, built to utilize Basrah’s natural gas resources and convert it into much needed energy essential for the people of Iraq.
How much gas does BGC produce in Iraq?
Since BGC’s commencement of operations in 2013, BGC accomplished significant achievements ramping up production from 250 mmscf/d to 950mmscf/d – that’s more than 3 times gas produced and enough to provide approximately 3.5 GW of electricity for millions of homes in Iraq. Abating Flaring in Iraq: The South Gas Project with the Basrah Gas Company.
What does BGC do in Iraq?
BGC is the main gas processing hub in Iraq and plays a vital role in fulfilling Iraq’s energy strategy and economic diversification by gathering, treating, and processing associated gas from three oilfields: Rumaila, West Qurna 1 and Zubair (Licensing Round-1 oilfields), turning natural gas into cleaner energy (otherwise flared).
Why is Iraq importing gas from Iran?
The country is forced to import gas from neighbouring Iran to plug gas shortages for power. The Basrah Gas Company is a 25-year joint venture between Iraq’s South Gas Company, Shell and Mitsubishi. It was established in 2013 to process associated gas produced from three huge oilfields in the south of Iraq, that otherwise would be flared off.
Why do we repurpose Iraq's natural gas resources?
Repurposing Iraq’s natural gas resources that play a critical role in power generation and liquid exports to boost Iraq’s economy and make a positive impact to the environment by reducing CO2 emissions. Our Core Values in BGC sets the foundation of our Company, its culture and shape BGC’s identity.
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