BGS maximizing investment in hydrocarbons

Baghdad - INA

The Basra Gas Company confirmed today, Friday, that its vision of maximizing investment in hydrocarbon materials, in which gas occupies the largest share, is consistent with the vision of the Ministry of Oil in this regard.

The deputy commissioner director of the company, the port of Kadhim Al-Asadi, indicated in a special statement to the Iraqi News Agency (INA), that "the company had a role in approving the major investment budget of the company by other joint-stock companies, namely the South Gas Company, Mitsubishi and Shell," indicating that " This investment amounts to about 3 billion dollars over the years that the budget was approved. "

He added, "Its implementation will enable the completion of the huge projects that the Basra Gas Company has started, such as the Basra project for separating liquids in the Artawi area, which will add production capacity equivalent to 40% of production," stressing that "this project will contribute to maximizing revenues for the surplus of liquefied gas," In addition to many other projects. "