Total set to announce Giant Petrochemical Project

By John Lee.

A spokesman for Iraq's Ministry of Industry and Minerals has said that the ministry is about to finalise a partnership contract with French company Total to set up a giant petrochemical project in Basra province.

Abdul Wahid al-Shammari made the comments following a visit by the company's representative in Baghdad.

He said the project would take advantage of local products such as oil and gas, turning them into plastic.

Specific investment terms and capacity details have not yet been disclosed.

(Sources: Shafaaq, Hydrocarbon Processing)