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Chevron Phillips Chemical Studying Construction of Petchems Complex in Iraq

7:02 AM MDT | June 3, 2012 | Natasha Alperowicz

Chevron Phillips Chemical (CPChem) has signed a letter of intent to develop an integrated petrochemical complex in the Basra province of Iraq, Bloomberg reports citing Hanaa Al Husseini, spokesperson for the Ministry of Industry and Minerals (Baghdad). CPChem would look at building a new petchems complex and upgrading an existing one, Al Husseini says. Further details were not disclosed.   Late last year Shell Chemicals said it agreed to study the feasibility of a petrochemical complex in the Basra area. The Shell group signed a $16-billion deal in Iraq to...

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