BGC is an Iraqi company established by the Iraqi Government to meet an Iraqi challenge. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million […], By John Lee. It is currently flared rather than captured. Our other shareholders are the Anglo-Dutch supermajor Royal Dutch Shell plc (44 per cent) and Mitsubishi of Japan (five per cent). Almost all of this infrastructure was … Basrah Gas Company delivers on its gas production promise 17 Jan 2018 End of December 2017 Basrah Gas Company (BGC) reached unprecedented gas processing volumes of 900 mmscf/d of associated gas - the highest records in Iraq's oil and gas history. According to Xinhua, China's Petroleum Engineering and Construction Corporation (CPECC) signed the contract on Wednesday with Iraq's Basra Gas Company (BGC). 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. These contributions are in proportion to their shareholdings in the company, once the value of Shell and Mitsubishi’s financial contributions matches the value of South Gas Company’s initial asset contribution. 4 Dec 2014. 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. Find out about the expert advice, support and case studies we provide through our lubricant-related services that are helping companies like yours every day. BGC’s headquarters are in Khor Al Zubair and we have assets throughout Basrah Province. "No Foreign Pilgrims Allowed" in Iraq for Arbaeen, Report warns of Possible Collapse in value of Iraqi Dinar, $8bn New Iraqi Energy Agreements with US Firms, Chinese Firm Wins $210m Construction Contract in Erbil, Germany's New EUR 10m Contribution to Iraq, China to help Build 1,000 New Schools in Iraq. A statement from the Ministry of Oil on Thursday added that the project aims to reach a target of 2,000 mcf/d […], By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has announced an agreement with an American company to invest in the flare gas associated with the Nahr Bin Umar oil field in Basra governorate. Together, BGC’s shareholders plan to invest over the coming three years on rehabilitation and development projects that are already underway. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a […]. The associated gas were flared resulting in emissions of greenhouse gas and atmospheric pollution problem. Our other shareholders are Shell and Mitsubishi. A […], By John Lee. 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. UNDER THE PATRONAGE OF THE GOVERNOR OF BASRAH, DR. MAJID AL NASRAWI, BASRAH GAS COMPANY (BGC)... BGC employees support displaced families in Basrah City. South Gas Company is an Iraqi state-owned company. Shell has reportedly evacuated its foreign staff who had been working at the Basra Gas Company (BGC). According to Oil and Gas Middle East, the decision was taken with the support of all BGC's shareholders: South Gas Company (SOC), Shell […], By John Lee. Basrah Gas Company is a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51% of its shares, Shell 44% […] Tags: Basra Gas Company, flaring, gas capture, Mitsubishi, Rumaila, Shell, South Gas Company (SGC), West Qurna Oilfield News, Zubair. Read out about our projects and sites in Iraq. 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)]". We have a workforce of over 5,500 people, the vast majority Iraqis. Local Business . That challenge is to turn Basrah Province’s abundant endowment of natural gas into a blessing for the current and future generations. This is enough gas to generate approximately 3.5 GW of electricity - enough to power three million homes. 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. Community See All. Almost all of this infrastructure was transferred into BGC at the company’s inception. South Gas Company is an Iraqi state-owned company. This is a moment like no other we have experienced before. Basrah Gas Company is an Iraqi company established by the Iraqi Government to meet an Iraqi challenge. 4 people like this. Our other shareholders are Shell and Mitsubishi. BGC employees support displaced families in Basrah City. Much of this is produced with oil but unfortunately most of this gas is wasted. BASRAH GAS COMPANY has 92 total employees across all of its locations and generates $12.94 million in sales (USD). Read out about our projects and sites in Iraq. Shell has a 44-percent stake in the $17-billion, 25-year BGC project, with […], By John Lee. Basrah Gas Company. Facebook is showing information to help you better understand the purpose of a Page. Community. At BGC we are focused on executing our work efficiently. The Ministry names the company as "Oren", but Iraq Oil Report identifies it as the Houston-based Orion Gas Processors. In 2013, Basrah Gas Company (BGC) was established as a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51%, Shell 44% and Mitsubishi Corporation 5%. South Gas Company is our largest shareholder and holds a 51 per cent share of BGC. Mitsubishi Corporation has Offices & Subsidiaries in approximately 90 countries and regions worldwide, Mitsubishi Corporation International (Europe) Plc, Mitsubishi Corporation(Hong Kong) Limited, Mitsubishi Company (Thailand) Ltd. / Thai-MC Company Limited. Through the effective use of natural gas, these operations not only contributes to stable energy supplies in the region, and environment conservation by recovering flare gas, but also supports the regional reconstruction and economy development through employment creation. 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. Facebook is showing information to help you better understand the purpose of a Page. We encourage any company that believes it can potentially be a supplier of goods and services for BGC to register as a vendor. 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.
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