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    Iraq to invest $3bn in Basra Gas Co: Press

Summary

Basra Gas Company is a joint venture established by the Iraqi government, Shell and Mitsubishi.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Middle East, News By Country, Iraq

Iraq to invest $3bn in Basra Gas Co: Press

Iraq will invest $3bn in the Basra Gas Company over the next five years, Iraqi News Agency reported on May 3 citing a statement by the country's oil minister.

Oil minister Ihsan Abdul Jabbar said that the aim is to increase the gas production capacity by 40%. The investment will help generate about 2,000 jobs, he added.

Basra Gas Company is a joint venture established by the Iraqi government, Shell and Mitsubishi.