Arab Today, arab today iraq shell initial 11bn petrochemical deal
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Iraq, Shell initial $11bn petrochemical deal

Arab Today, arab today

Arab Today, arab today Iraq, Shell initial $11bn petrochemical deal

Royal Dutch Shell
Baghdad - AFP

The Iraqi government and Royal Dutch Shell signed Wednesday an agreement in principle potentially worth $11 billion (9.6 billion euros) to build a large petrochemicals plant in the country's south.
"The deal is huge and the plant should be operational in five years," oil ministry spokesman Assem Jihad told AFP.
The deal, which still has to be formally agreed with the Anglo-Dutch giant, was signed by Industry Minister Naseer al-Issawi and envisions what would be the region's largest petrochemicals plant near the oil city of Basra.
"A heads of agreement for a potential petrochemicals project in southern Iraq was signed by representatives of Shell and the Iraqi government," said a company spokesman, declining to provide further details.
Assem Jihad said the plant would produce plastics, fertilisers and other petroleum derivatives that will help diversify Iraq's economy.
Oil accounts for more than 90 percent of Iraqi revenue. The price of a barrel of crude tumbled to a six-year low of just under $45 Wednesday.
Iraq's deal with the Anglo-Dutch giant still has to be formally agreed.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq shell initial 11bn petrochemical deal Arab Today, arab today iraq shell initial 11bn petrochemical deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq shell initial 11bn petrochemical deal Arab Today, arab today iraq shell initial 11bn petrochemical deal

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday