Iraq’s Basra Gas Company (BGC) has exported a record shipment of 25,000 tons of condensates, the largest shipment ever exported by the company.
Andrew Weir, CEO of BGC, stated that the shipment was a significant achievement that would increase export rates and enhance Iraq’s financial revenues.
“Iraq has the potential to be a major player in the LPG and condensates market, and we aspire to be among the leading exporting countries,” Weir said.
Previously, Basra Gas Company exported 16,300 tons of condensates. However, due to increased production, the company is now able to safely and efficiently export larger volumes. With the help of the tanker “Marilyn,” the company is now shipping 25,000 tons. This increase in export capacity is beneficial for the company’s current and future plans.
The Ministry of Oil has announced that BGC has increased its production of associated gas to more than three times the amount it produced when it was established in 2013. The company has also successfully prevented more than 160 million tons of carbon dioxide from entering the atmosphere to date. With the Basra LNG plant operating at full capacity, an additional 10 million tons of carbon dioxide will be prevented from polluting the atmosphere. This brings the total carbon dioxide reduction capacity of the company to around 30 million tons per year.
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