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Iraq and the global Shell sign a contract worth $ 11 billion to set up a petrochemical plant in Basra
Wednesday, December 28 2 / January 2015 12:54
[Baghdad-where]
Iraq on Wednesday signed a contract with Shell International to set up a huge petrochemical plant in Basra province.
The Minister of Industry and Minerals Naseer al-Issawi said during a press conference, "Royal Dutch Shell signed Atakkaka worth $ 11 billion with Iraq to build a petrochemical complex in Basra."
Issawi said that "complex [beacon] Petrochemical will make Iraq the largest producer of petrochemicals in the Middle East."
Was not immediately clear the expected production volume of the complex, but it is expected to begin operation of the complex within five to six years.
Shell, one of the major producers of oil in southern Iraq and had signed a memorandum of understanding with the Ministry of Industry on the project in 2012.
The prime minister Haider al-Abadi, revealed last Friday, during the World Economic Forum in Davos, Switzerland, for "signing a contract with Shell to build a petrochemical plant."
It is said that the former Iraqi government, I looked in November 2013, the steps required to set up a petrochemical complex giant in the province of Basra.
The Chairman of the Board and CEO of Shell Oil, Peter Voser, revealed during his visit to Iraq in 12 of November 2013 on, discuss his signing of an investment contract with the Iraqi Ministry of Oil, "to create a giant factory petrochemical The total cost to 11 billion Dolar.anthy
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Wednesday, December 28 2 / January 2015 12:54
[Baghdad-where]
Iraq on Wednesday signed a contract with Shell International to set up a huge petrochemical plant in Basra province.
The Minister of Industry and Minerals Naseer al-Issawi said during a press conference, "Royal Dutch Shell signed Atakkaka worth $ 11 billion with Iraq to build a petrochemical complex in Basra."
Issawi said that "complex [beacon] Petrochemical will make Iraq the largest producer of petrochemicals in the Middle East."
Was not immediately clear the expected production volume of the complex, but it is expected to begin operation of the complex within five to six years.
Shell, one of the major producers of oil in southern Iraq and had signed a memorandum of understanding with the Ministry of Industry on the project in 2012.
The prime minister Haider al-Abadi, revealed last Friday, during the World Economic Forum in Davos, Switzerland, for "signing a contract with Shell to build a petrochemical plant."
It is said that the former Iraqi government, I looked in November 2013, the steps required to set up a petrochemical complex giant in the province of Basra.
The Chairman of the Board and CEO of Shell Oil, Peter Voser, revealed during his visit to Iraq in 12 of November 2013 on, discuss his signing of an investment contract with the Iraqi Ministry of Oil, "to create a giant factory petrochemical The total cost to 11 billion Dolar.anthy
[You must be registered and logged in to see this link.]
