IFC signs off on Shell-backed BGC flare work in Iraq
IFC signs off on Shell-backed BGC flare work in Iraq
The International Finance Corp. (IFC) has arranged a $360 million for Basrah Gas Co. (BGC), which will be one of the largest gas flaring reduction schemes in the world.
IFC said the laon would run for five years. The work is expected to cut flaring and emissions by around 10 million tonnes per year.
The scheme will increase BGC's capacity to process associated gas.
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