Chevron Phillips Chemical Co., a joint venture between Chevron and ConocoPhillips, signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in Iraq, according to a report from Bloomberg. Hanaa al-Husseini, a spokeswoman for the Industry and Minerals Ministry, said the company would look into building a new facility and upgrading […]
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After Gas, and the Rise of the Petrochemical Industry
Iraq has ambitious plans to build on its booming energy sector. The sector will be used to build upon its petrochemicals industry, Iraq is looking to foreign firms to invest up to $35 – 50 billion from 2017 – 2023. During this period the plans aim to produce around 10 million tonnes of petrochemicals a […]
Chevron Phillips to Invest $6bn in Basra
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra. AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate […]