By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is The U.S. Going To Bring This Multi-Billion Iraq Project To Fruition? Among the many projects in Iraq's energy sector that could each make it much-needed billions of dollars a year […]
By John Lee. The Iraqi Ministry of Planning, in collaboration with the Ministries of Oil and Industry and Minerals, has launched a feasibility study for the strategic Al-Nibras [Nebras] Petrochemicals Project in Basra. Consultancy firm KBR has been appointed to conduct a comprehensive technical and economic review to map an optimal implementation path, building on […]
By John Lee. The President of the Sustainable Technology Solutions division of KBR, Jay Ibrahim, met with Iraqi Prime Minister Mohammed Shia' al-Sudani during his visit to Texas. According to a statement from the Prime Minister's Office, the meeting focused on expanding cooperation in natural gas development, government efforts to reduce carbon emissions, and partnerships […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Endemic Corruption Costs It Another Massive Oil and Gas Opportunity British supermajor Shell last week exited Iraq's potentially game-changing US$11-billion Nebras Petrochemical Project. Shell signed the NPP deal, having […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting Sunday evening to discuss the completion of the Nebras Petrochemicals Project, which has been pending since 2015, and is one of the priorities of the economic reform that the government is focusing on. During the meeting, the appointment of a consulting entity for the […]
By John Lee. British oil and gas company Shell has withdrawn from the proposed $11-billion Nebras [Nibras] petrochemical project in Basra. According to Argus Media, the company said it made the decision, "after in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners." The company added: "This decision is in […]
By John Lee. Minister of Industry and Minerals, Dr. Khaled Batal Al-Najm, led the fourth coordination meeting on industrial affairs on Thursday, January 4th. The meeting, attended by Dr. Hamoudi Abbas, the Prime Minister's Industry Affairs Advisor, and representatives from various ministries and organizations, discussed key agenda items. The session began with a review of […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Finally Become A Global Petrochemicals Powerhouse? With its vast oil and gas resources, there is no fundamental reason why Iraq cannot become a world-class producer of high-value petrochemicals. […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraq Finally Revive This Mothballed Megaproject? For several years now, Iraq has been able to access all the technology required to turn part of its abundant crude oil and/or […]
By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest petrochemical producer in the Middle East. The news comes […]
