World Bank grants Excellence Award for Basra Gas Company

The GGFR Excellence Award recognises governments, oil companies and other organisations that have made a significant contribution to gas flaring reduction in the upstream sector of the industry through associated gas utilisation projects, partnerships, and innovative use of technology or business approaches, Iraqi Ministry of Oil announced.

The spokesman of the Oil Ministry, Assem Jihad said in a statement received by Shafaq News, that World Bank granted Basra Gas Company , the Excellence Award in reducing the proportion of associated with gas flaring operations to extract crude oil from the oil fields.

He said that the great efforts exerted by Basra Gas company in coordination with its partners, "the South Gas, Shell, Mitsubishi" in reducing the quantities supplied through the optimal investment and the use of modern technology as well as taking into account the environmental and health aspects and the application of occupational safety systems of the gas flaring was one of the factors that contributed to grant Basra Gas Company , the Excellence Award granted by the World Bank.

He added that the global Excellence Award is one of the awards and certificates granted by the high-level international partnership of the World Bank Authority (GGFR) to governments and energy companies, institutions and other development.

He said that the award is a clear recognition of the commitment of Basra Gas Company to invest and treatment of associated gas in Iraq and turn it into useful energy reflected positively on the national economy.