New infrastructure is also required, to further increase production of this valuable fuel for social and economic development.Through the vision of the Iraqi Government, BGC was created in May 2013 to meet this challenge.
BGC is a public/private joint venture, unique in Iraq. The Basrah Gas Company (BGC) joint venture owns and operates the midstream infrastructure that processes associated gas from the Rumaila, West Qurna 1 and Zubair oil fields in southern Iraq. Our operations are in the middle of the natural gas value chain.We play a vital role, but must work together with our partners both upstream and downstream to create value for Iraq and our shareholders.The oil and natural gas industry has a key role to play in helping Iraq meet the deep and profound challenges that it faces.That challenge is to turn Basrah Province’s abundant endowment of natural gas into a blessing for the current and future generations. Basrah Province already produces enough gas to create electricity for more than eleven million homes. Reuters News - 12-Feb-2019 Basrah Gas Company is a joint venture between state-owned South Gas Company, Shell and Mitsubishi. Basrah Gas Company is an Iraqi joint venture established between the Iraqi Government, Shell and Mitsubishi to fulfill Iraq’s strategy of energy independence and further investment in its natural gas resources. BASRAH GAS COMPANY is located in Basra, Iraq and is part of the Oil & Gas Exploration & Production Industry. Almost all of this infrastructure was … Basrah Gas Company. Our other shareholders are Shell and Mitsubishi. That challenge is to turn Basrah Province’s abundant endowment of natural gas into a blessing for the current and future generations.There is enough natural gas in Basrah Province to supply the whole of southern Iraq and more.
It is made up of South Gas Company, the majority shareholder, Shell and Mitsubishi.BGC is a midstream natural gas company. South Gas Company is an Iraqi state-owned company. In May 2013, when Basrah Gas Company began operations, the effective processing capacity was 460 mmcfd. We pride ourselves in being a local company and have established very strong relationships with both the regional government and private sector suppliers. BASRAH GAS COMPANY has 92 total employees across all of its locations and generates $12.94 million in sales (USD). It can be the fuel that provides the country with the secure and reliable power that is a fundamental need of any modern society - for lighting, air conditioning and refrigeration in homes, and the power businesses need to grow and create jobs. It is currently flared rather than captured.Basrah Province’s existing natural gas infrastructure is in urgent need of rehabilitation after 30 years of sanctions and conflict. These fields have around 1.7 bcfd of available raw gas. Basrah Gas Company is an Iraqi company established by the Iraqi Government to meet an Iraqi challenge. BGC is a public/private joint venture, unique in Iraq. Basrah Gas Company is a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51% of its shares, Shell 44% and Mitsubishi Corporation 5%. Our majority shareholder is South Gas Company. Basrah Oil Company (BOC) | 1,803 followers on LinkedIn | Events and activities have escalated steadily and rapidly, rising since the beginning of the 1970s.