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Saudi's SABIC in Talks to Join Shell in Iraq's Nebras Petchem Project

Source: Reuters 2/27/2018, Location: Middle East

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Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is in talks to become a partner in Iraq’s Nebras petrochemical project, an advisor to Iraqi Prime Minister Haider al-Abadi said.

Kadhim Mohammed Jawad Hassan told Reuters on the sidelines of CWC’s Iraq Petroleum Conference in Berlin that talks between Saudi Arabia and Iraq on the project are advanced and at the ministerial level.

He said SABIC would enter as a fourth partner with Royal Dutch Shell, and the Iraqi oil and agriculture ministeries.

SABIC was planning to open an office in Iraq late last year. The Nebras project is still in the pre-FEED (front end engineering design) stage.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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