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Shell said on Tuesday it will not proceed with the Nebras petrochemical project in southern Iraq as part of its review of its operations in the sector that has seen a sharp drop in profits in...
Oil major Shell has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra, Iraq's oil ministry said on Tuesday.... -February 13, 2024 at 02:12 pm EST - MarketScreener
Oil major Shell has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra, Iraq's oil ministry said on Tuesday. Shell in a separate statement confirmed it was leaving the project. A statement from Iraq's oil ministry said Shell would not continue discussions with the Ministry of Industry and Minerals and the Ministry of Oil regarding its role as "a major investor" in the Nebras Petrochemical Project, although it affirmed its continued support for the project through its partnership with Basra Gas Company.
Iraq's marquee initiative to reduce gas flaring is expanding, though uncertainties remain around gas supply.
From the Iraq Britain Business Council (IBBC): Iraq, Open to the world..an IBBC conference at the Mansion house, celebrating Iraq's return to international engagement. On 16th June IBBC are hosting possibly the largest delegation of Iraq businesses and government officials to the UK in recent times. This event is itself an indication of the more