Highlights Loan to help boost Basrah Gas Co’s processing capacity by 40% BGC currently treats 900 MMcf/d of associated gas BGC is JV between South Gas Co., Shell and Mitsubishi Corp. Basrah Gas Co. — a joint venture between Iraq’s state-owned South Gas Co., Shell and Mitsubishi Corp. — will receive a $360 million from the World’s Bank’s private sector financing arm to help OPEC’s second largest producer reduce gas flaring from its southern oil fields. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The International Finance Corp. and BGC signed the 5-year loan agreement that will help the company boost its current capacity to treat and process associated gas by 40%, or 400 MMcf/d, BGC said in a June 29 statement. BCG — a 25-year JV grouping SGC with a 51% stake, Shell with 44% and Mitsubishi with 5% — currently has […]