Iraq receives international bids to establish petrochemical industries
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Economy News Baghdad
Iraq announced that it received offers from international companies to establish plants for petrochemical industries in the country.
"The ministry has a project with Shell to develop the gas industry in the country through the establishment of an advanced plant for the petrochemical industries, because this type of industry is related to the gas industry," said Asim Jihad, spokesman for the Ministry of Oil, .
He added that «the Ministry of Oil will work with (Shell) to establish the project during the next phase», adding that «the ministry received offers from international companies to establish petrochemical plants».
He explained that «the ministry is working to keep pace with global trends towards the petrochemical industries, and strengthen the position of Iraq on the map of production, through the diversification of oil exports».
The spokesman said that «the ministry has developed a strategy to increase the investment of gas through the establishment of the (Gas Basrah), which invests four fields in the province, and the contract with the (GI) to invest gas in the fields of Nasiriyah and Gharraf, and the agreement to contract with companies for consultations to invest gas in Other oil fields in the province of Basra, including international companies to invest gas in the province of Maysan ».
"In addition to the expected economic gains, the increase in production and investment of the sector" will cover a large part of the local need, which will be increased by the development and growth of industrial, commercial and housing, "Jihad said.
The spokesman for the Ministry of Oil that «Korean companies resumed work on the investment of free gas in the field of crutches, which is one of the largest fields in Iraq».