Iraq’s Oil Ministry and Shell are still negotiating the delicate issues of price and feedstock before they can finalize a planned $11bn petrochemicals project.
The giant Nebras project is not likely to enter into production before the end of the decade. This comes as the OPEC producer is forging ahead with plans to expand oil refining capacity by a further 800,000 b/d by 2018. (CONTINUED - 1648 WORDS)
