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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Nebras project in Basra...the largest petrochemical plant in the Middle East, and these are its

    Rocky
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    The Nebras project in Basra...the largest petrochemical plant in the Middle East, and these are its Empty The Nebras project in Basra...the largest petrochemical plant in the Middle East, and these are its

    Post by Rocky Wed 13 Sep 2023, 3:57 am

    [size=35][size=35]The Nebras project in Basra...the largest petrochemical plant in the Middle East, and these are its “expected” profits[/size]
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    Economy

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    2023-09-13 | 03:16
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    Al-Sumaria News - Economy

    Iraq aims to move forward with the implementation of the Nebras project, the largest petrochemical plant in the Middle East, and remove all obstacles and challenges that delayed the start of implementing the joint project with the international company Shell.


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     [/ltr]
    In this context, Undersecretary of the Ministry of Oil, Izzat Saber, chaired a meeting to follow up on administrative and technical procedures and review the global consultant’s report on the Nebras Petrochemical Complex project.

    The Undersecretary for Gas Affairs stressed the importance of accelerating and proceeding with the procedures for implementing the Nebras Project, the largest petrochemical plant in the [url=https://www.alsumaria.tv/Entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url], as it is one of the most important strategic productive industrial projects in the country.



    The largest petrochemical plant,
    Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber, said that the meeting included discussing the items of the initial report of the global consultant regarding the project’s axes, the economic feasibility study, and the requirements for the stages of implementing work for the investment project, in a way that achieves the highest financial and economic benefit for [You must be registered and logged in to see this link.] and the parties contributing to it.

    He expressed his hope to formulate a final vision after discussing the notes with the concerned authorities and project partners in order to move forward with the implementation of the project, which is the largest in the [url=https://www.alsumaria.tv/Entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url].

    For his part, [url=https://www.alsumaria.tv/Entity/3128152288/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Oil Ministry[/url] spokesman [url=https://www.alsumaria.tv/Entity/2351863793/%D8%B9%D8%A7%D8%B5%D9%85 %D8%AC%D9%87%D8%A7%D8%AF/ar/]Assem Jihad[/url] said that the Nebras Petrochemical Project (the largest petrochemical plant in the [url=https://www.alsumaria.tv/Entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url]) aims to build a giant industry in this field, and is being implemented in two phases, the first of which is preparing the study and designs, and the other phase is direct implementation.

    He pointed out the signing of the basic principles with Shell for the Nebras project, according to a Cabinet decision on January 28, 2015, which includes a refinery with a capacity of 300,000 barrels next to a huge petrochemical plant.

    He pointed out that the project relies on exploiting natural gas surpluses to manufacture various petrochemical products, with a planned production capacity of approximately two million tons annually, to form a solid industrial base that supports the plastic and rubber industries, and all related industries.
     



    Nebras Petrochemical Project The
    project, which will be implemented in [You must be registered and logged in to see this link.] Governorate, is expected to provide more than 40,000 job opportunities and generate significant financial revenues that support the national economy and sustainable development.

    [You must be registered and logged in to see this link.] had signed an agreement in 2015 worth $11 billion with [url=https://www.alsumaria.tv/Entity/120720/%D8%B1%D9%88%D9%8A%D8%A7%D9%84 %D8%AF%D8%A7%D8%AA%D8%B4 %D8%B4%D9%84/ar/]Royal Dutch Shell[/url] to establish the Nebras Petrochemical Complex in [You must be registered and logged in to see this link.]. The project’s polyethylene production capacity is about two million and 800 thousand tons annually.

    The project is the largest petrochemical plant in the [url=https://www.alsumaria.tv/Entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url], and one of the most important projects in the oil and gas sector in the region, as it is expected to generate net profits of approximately $1.4 billion annually, making it the fourth largest petrochemical complex in the world.

    Since signing its contracts in 2015, the project for the largest petrochemical plant in the [url=https://www.alsumaria.tv/Entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url] has faced delays due to a lack of liquidity and internal conflicts, as Shell will own 49% of the project’s shares, while the Iraqi Ministries of Oil and Industry will control 51%.

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