PROJECT

Projects

Summary of Investment Information

Project Number

50733

Company Name

BASRAH GAS COMPANY

Date SPI Disclosed

Oct 30, 2025

Country

Iraq

Region

Middle East

Projected Board Date

Nov 30, 2025

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Jan 15, 2026

Department

Regional Industry INF MCT

Industry

Metals and Mining

Previous Events

Approved : Jan 14, 2026

Sector

Oil and Gas Transport or Pipeline

Project Description

Basrah Gas Company (“BGC”) is an Iraqi midstream natural gas company created to gather, treat and process associated gas flared at oil fields in southern Iraq. BGC commenced operations in May 2013 and operates compressor stations, various gas processing plants, a pipeline network and a storage and marine terminal for export. It produces dry gas and liquefied petroleum gas (“LPG”) for sale into the Iraqi gas grid, and some LPG and condensate for export. The proposed investment entails the rehabilitation and upgrade of the storage terminal at Umm Qasr port (“Project”) and the refinancing of the outstanding loan committed by IFC in 2021, which financed the upgrade of the Basrah Natural Gas Liquids (“BNGL”) facility. Both the Project and BNGL form part of Phase II of BGC’s multi-phase expansion program, which is expected to increase raw gas processing capacity from 1 billion standard cubic feet per day (“bscfd”) to 1.4 bscfd and LPG processing capacity from 4,000 tonnes per day (“tpd”) to 11,000 tpd.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation