Latest news with #gasprojects
Zawya
3 days ago
- Business
- Zawya
Iraq ramps up gas projects in 3 fields
Iraq is ramping up gas projects in the Rumaila, Zubair, and West Qurna 1 fields in the Southern Basra province, a senior Basra Gas Company (BGC) official has said. Marfa Kazem al-Asadi, BGC's deputy director, noted that these three fields are top licensing priorities, adding that BGC stands ready to process gas from additional fields as it becomes available. BGC- a joint venture between Iraq's South Gas Company, Shell, and Mitsubishi—has expanded production to 1.4 billion standard cubic feet per day. 'It operates three export terminals and regularly ships liquefied petroleum gas (LPG) to the Gulf, East Asia, North Africa, and China,'Asadi told Shafaq news agency He also highlighted a new agreement with the Oil Ministry to scale up investment in the Artawi project and launch development at the Lahis field, adding that in 2024, LPG output reached 6,500 tonnes per day, with monthly exports averaging 70,000 tonnes. The push comes as Iraq increases the utilisation of associated gas—a byproduct of crude production. Oil Ministry adviser Abdul Baqi Khalaf recently noted that Iraq now recovers 70 percent of its associated gas, with that figure expected to rise through 2025. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
29-05-2025
- Business
- Zawya
Saudi: Gas Arabian pens agreement exceeding $221.46mln in value
Riyadh – Gas Arabian Services Company rolled out two agreements with Saudi Power Procurement Company at an aggregated value of SAR 830.63 million on 26 May. The deals cover the design, engineering, procurement, supply, delivery of all equipment and materials, construction, installation, test and commissioning of two gas projects. Gas Arabian highlighted that the two contracts will reflect on its income statements during the years from 2025 to 2027. The two entities will team up to establish a sales gas delivery system to Nairiyah IPP at a value of SAR 504.32 million. Meanwhile, the Rumah IPP project will be implemented at SAR 326.31 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
