CAIRO, Sept 13 (Reuters) - The World Bank's International Finance Corporation (IFC) signed a $500 million investment contract with Iraq's Basrah Gas Co. on Saturday for associated gas and the development of facilities at the Umm Qasr port, the prime minister's office said.

In a later statement, the Basra Gas Co. said the loan will finance "one of its most significant" projects that will limit gas flaring and strengthen the Iraqi economy.

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In 2021, the company signed a $360 million loan that was used to establish a gas liquids plant, which was completed earlier this year, the company added.

https://www.reuters.com/business/energy/ifc-signs-500-million-contract-with-iraqs-basrah-gas-associated-gas-development-2025-09-13/