Baghdad (IraqiNews.com) – Iraq’s Petroleum Ministry announced on Monday that Basrah Gas Company (BGC) has exported its first shipment of semi-refrigerated liquefied petroleum gas (LPG) through the port of Umm Qasr.
“It is a historic moment that Basrah Gas Company exports its first shipment of semi-refrigerated liquefied petroleum gas and it is considered a great achievement,” BGC chief executive Malcolm Mayes said in a statement.
Mayes explained that this achievement is the result of continuous hard work to achieve the strategic objective by equipping the port of Umm Qasr with the necessary cooling units to be used in export operations.
“We are now able to load and export pressurized and semi-refrigerated gas via ships,” Mayes explained.
BGC’s managing director confirmed that this step gives them flexibility and the opportunity to triple their exports to the world through tankers.
“We will have access to many international markets that exclusively buy semi-refrigerated gas shipments,” Mayes said.
BGC is a 25-year joint venture between the Iraqi South Gas Company, which owns 51% of its shares, Shell (44%) and Mitsubishi Corporation (5%). The company helped transform Iraq from an importer to an exporter of liquefied petroleum gas in 2016, creating a new source of revenue for the country, according to The National News.