Southern Iraqi Gas Processing Slumps
Gas processing in Basra province has slumped since late May from around 450mn cfd to 290mn cfd, MEES learns. The slippage marks an early setback for the Shell-led Basra Gas Company (BGC), the strategic $17.2bn joint venture charged with capturing associated gas from the Rumaila, West Qurna-1 and Zubair oil fields, which was only formally launched in early May.
The bulk of the fall as of early July was due to lower...