Basrah Gas Company and the future of Iraq's energy

The Basrah Gas Company is a 25-year joint venture between Iraq’s South Gas Company, Shell and Mitsubishi. It was established in 2013 to process associated gas produced from three huge oilfields in the south of Iraq, that otherwise would be flared off. This gas then supplies power to the domestic market as well as to those manufacturing products for export. On Tuesday, it was announced that the World Bank's International Finance Corporation would provide $360 million to support the company’s growth. Malcolm Mayes, managing director of Basrah Gas Company, speaks to host Mustafa Alrawi about how BGC is helping Iraq meet its growing energy needs and power an additional one million Iraqi homes while also reducing greenhouse gas emissions by about 10 million tonnes per annum.   In this episode: Iraq and the Basrah Gas Company (0m 42s) The impact on the environment (3m 22s) BGC's plan down the line (5m 49s) IFC's belief in BGC (15m 00s) Iraq's future (20m 36s) Read more on our website: • Iraq to invest $3bn over five years in the Basrah Gas Company • Siemens Energy to rebuild Mosul super grid destroyed in 2014 • Oil prices could reach $80 per barrel, Iraq's Oil Ministry says Subscribe to Business Extra for free to receive new episodes every week Apple Podcasts | Google Podcasts | Audioboom | Spotify | RSS