Published on May 25, 2017
Shell company is in mood to increase its share in the “Nibras” investment project in petrochemical field. In a statement released by the company it stated that a new round of talks were held to cover technical, financial and legal aspects of the project. Discussions were held to minimize the cost of the project which was estimated to reach 8 billion dollar where the Shell company will reach to 76%and the Iraqi side will settle at 24% share in the industry. The project is likely to take 5-6 years to get completed which will make Iraq one of the leading petrochemical manufacturers in the Middle East.
