On Thursday, the Iraqi Ministry of Oil announced that the Basra Gas Company has achieved a record high export rate of 25,000 tons of condensate (C5). This accomplishment aims to strengthen the quantities of exports through the Umm Qasr Port in Basra and support the country’s economy.
The Ministry shared a statement from the Director of the Basra Gas Company, Andrew Weber, who announced that the export of 25,000 tons of condensates is a significant accomplishment. This will increase Iraq’s export rates and generate more revenue. Additionally, the Basra Gas Company can now explore new markets for exportation.
He said, “Iraq can be a global player in liquefied petroleum gas and condensates, and we want to be a developed country in exports.”
The Director of Basra Gas Company, Sultan Al-Maliki, attributed their success to the collaboration of multiple teams, making it a source of pride for all involved.
According to him, larger shipments can be transported to the east where there is a higher value for using condensates in the chemical industry.
In the recent past, the Basra Gas Company loaded 16,300 tons of condensate. However, due to increased production, the company was able to safely and efficiently load 25,000 tons using the tanker “Marlin”. This allows for larger shipments, which in turn increases the company’s current capacity and sets the stage for future exports. It’s worth noting that this achievement is commendable.
It’s important to mention that the Basra Gas Company has significantly increased its production of associated gas since its establishment in 2013. In fact, it has produced over three times more than it did back then. This has resulted in the prevention of more than 160 million tons of carbon dioxide from being released into the atmosphere.
The Basra Gas Liquefaction Plant is predicted to prevent an extra 10 million tons of carbon dioxide from polluting the atmosphere. This will add to the company’s ability to eliminate about 30 million tons of carbon dioxide annually. This announcement was made by the Ministry of Oil. Additionally, the first shipment of gas condensates from Iraq was exported on February 20th, 2016.
