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World News and Views :: Projects

Iraq Holds Talks to Build Two Petrochemical Complexes

1:41 PM MDT | September 14, 2007 | Natasha Alperowicz

Dow Chemical and Shell are in talks with the Iraqi government on a project to rebuild and expand a petrochemical complex near Basra in southern Iraq, at a cost of more than $2 billion, says Fawzi Al-Hariri, Iraq’s industry and minerals minister. Iraq wants to evaluate which products to make for the domestic and export markets, either by creating a joint venture or establishing a profit-sharing arrangement, he says. Al-Hariri was speaking at a recent conference in Dubai on investment opportunities in Iraq. Al-Hariri: Security will determine location. Shell...

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