By John Lee. Shell is reported to be still in the process of evaluating the viability of the $11-billion Nebras petrochemical complex in Basra. The project was designed to produce 1.8 million mt/year of various petrochemicals, using naphtha as a feedstock. Last year, Reuters reported that Saudi Basic Industries Corp (SABIC) was in talks to […]
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Saudi's SABIC "in talks" to join Nebras Petchem Project
By John Lee. Saudi Basic Industries Corp (SABIC) is in talks to join Iraq's Nebras petrochemical project, according to a report from Reuters. An advisor to Prime Minister Haider al-Abadi told the news agency at the CWC Iraq Petroleum Conference in Berlin that talks are at advanced stage at ministerial level. He said SABIC would enter […]
Tags: featured, Nebras petrochemical project, Petrochemicals, Saudi Arabia, Saudi Basic Industries Corp (SABIC), Shell
Shell to Exit Iraqi Oil Business
By John Lee. Oil giant Shell is trying to sell its stake in the Majnoon oilfield (pictured) in southern Iraq, following a failure to reach agreement with Iraq's Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a […]
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Shell, Iraq, Near $11bn Petrochemical Deal
By John Lee. The Wall Street Journal reports that Shell and the Iraqi government are nearing a deal to build an $11-billion petrochemical facility in southern Iraq. In addition to its development of the Majnoon oil field, Shell also signed a $17.2-billion deal last year to collect natural gas from Iraq's southern oil field production. […]