The exit of British supermajor Shell last week from Iraq’s potentially game-changing US$11-billion Nebras Petrochemical Project is another lost opportunity for Baghdad
Iraq s Endemic Corruption Costs It Another Massive Oil And Gas Opportunity menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
There is no practical impediment to Iraq becoming a world-leading exporter of petrochemicals, given its huge oil and gas resources. It holds an estimated 145 billion barrels of proven crude oil reserves - around 9 percent of world’s total – although .
Iraq has the potential to become a large producer of petrochemicals but the endemic corruption in the country has stymied work on one of its biggest projects