Basra Gas Company exports (25,000) tons of condensates

Source: www.gulfoilandgas.com 9/28/2023, Location: Middle East

Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber, affirmed the ministry’s keenness to invest in gas, export quantities surplus to local consumption, and achieve the highest export rates to supplement the federal budget with financial revenues. He pointed out that the ministry seeks, in cooperation with the Basra Gas Company, to increase investment rates of gas and export it, and to search for new markets for export. . The Basra Gas Company achieved the highest export rate of 25,000 tons of condensate (C5) in an effort to enhance the quantities exported through the port of Umm Qasr in Basra in support of the national economy.

The Managing Director of the Basra Gas Company, Mr. Andrew Weber, said, “Exporting 25,000 tons of condensate is a major achievement that will raise export rates.

In addition, it will enhance Iraq's financial revenues, noting that this export process is the highest for Basra Gas Company, and will enable the company to expand exports to new markets.

He continued, "Iraq has the ability to be a global player in the field of liquefied petroleum gas and condensates, and we have an ambition to be among the developed countries in exports."

On a related level, Director of the Commercial Authority of Basra Gas Company, Sultan Al-Maliki, said that this achievement is the result of cooperative efforts between many bodies and teams in the company that made this success proud of it. Pointing out that the ability to load larger shipments will enable importing companies to transport these shipments to destinations and markets further east, where there is a higher and better value for using condensates in the chemical industry.”

It is noteworthy that the Basra Gas Company was loading 16,300 tons of condensate in the past period, and with the increase in production, the company was able to raise the shipment to 25,000 tons safely and efficiently using the tanker “Marlin.” This means loading larger shipments, which enables the company to increase its current capacity. And the future for export.

It is worth noting that the Basra Gas Company has increased its production of associated gas to more than three times what it produced when it was established in 2013. It has so far been able to prevent more than 160 million tons of carbon dioxide from entering the atmosphere. With the full operation of the Basra Gas Liquefaction Plant, an additional 10 million tons of carbon dioxide will be prevented from polluting the atmosphere, increasing the company’s ability to eliminate about 30 million tons of carbon dioxide in total annually.


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