Shell is reported to be in talks with Iraq to boost Basra Gas Company’s capacity.
According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that increase further to 2 Bcf/d.
A statement in May from Iraq’s Ministry of Oil said that Iraq will invest $3 billion in BGC over the next five years, increasing gas production capacity from 1 Bcf/d to 1.4 Bcf/d this year, and further to 2.4 Bcf/d by 2025.
Shell is also said to be continuing negotiations with Iraq over the giant Nibras [Nebras] petrochemical plant, which was initially agreed in 2015.
Tags Iraq Iraq Business News Royal Dutch Shell
Check Also
Russia’s Natural Gas Flows to Austria Rise despite OMV Cutoff
Requests from customers in Austria and Slovakia for Russian natural gas supply via Ukraine rose …