Shell said on Tuesday it will not proceed with the Nebras petrochemical project in southern Iraq as part of its review of its operations in the sector that has seen a sharp drop in profits in.
Oil major Shell has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra, Iraq s oil ministry said on Tuesday.. -February 13, 2024 at 02:12 pm EST
- MarketScreener
Oil major Shell has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra, Iraq's oil ministry said on Tuesday. Shell in a separate statement confirmed it was leaving the project. A statement from Iraq's oil ministry said Shell would not continue discussions with the Ministry of Industry and Minerals and the Ministry of Oil regarding its role as "a major investor" in the Nebras Petrochemical Project, although it affirmed its continued support for the project through its partnership with Basra Gas Company.
Basrah Gas Company and WFP Iraq launch a climate adaptation project to support smallholder farmers in Basrah Basrah Gas Company (BGC) and the United Nations World Food Program (WFP) have signed an agreement aiming to support local farmers in the Al Zubair district in Basrah through a climate change adaptation initiative which sets out to