Lukoil in Talks on Iraq Petrochemical Project

By John Lee.

Russia’s Lukoil is in talks with Shell and Total regarding their participation in a petrochemical complex in southern Iraq.

President Vagit Alekperov (pictured) told TASS:

“To create a petrochemical complex – now the negotiations are under way with Shell and with Total. The Iraqi side supports our efforts.”

He added that Iraq is ready to start negotiations to improved contract terms.

(Source: TASS)

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