Iraq's PM Chairs Meeting to Advance Nebras Petrochemical Project

Source: 2/18/2024, Location: Middle East

Prime Minister, Mr. Muhammad Shiaa Al-Sudani, chaired, this evening, Sunday, a meeting devoted to discussing the completion of the Nebras Petrochemical Project, which is one of the projects that have been lagging since 2015, and which the government is focusing on implementing and working on in accordance with the priorities of economic reform.

The meeting discussed appointing a consulting body for the project to undertake the technical aspects, specifications, and monitoring the quality of technological paths in designs and production units.

The Prime Minister directed that the Ministry of Industry and Minerals undertake the completion of the consensual settlement with Shell, which informed the government of changing its business strategy and moving to focus more on gas projects in Iraq, thus paving the way for other international companies. To implement this important and vital project.

His Excellency also directed that the Ministry of Oil submit a report on international companies wishing to work and undertake implementation, in accordance with the specifications and standards required for the project facilities.

During the meeting, emphasis was placed on developing and studying the administrative structure that will manage the project and its implementation and operation processes.

Shell had withdrawn from the Nebras project. Following a change in the company’s plans regarding petrochemicals around the world, and the focus on the gas sector, the continuation of the company’s work in Iraq, which has continued for ten years, was confirmed, and the desire to expand the field of associated gas investment was confirmed, in a meeting between Mr. Ministers and the company's CEO, was held on the sidelines of His Excellency's recent visit to the Kingdom of the Netherlands. ?

Gulf Oil and Gas
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