Shell, Dow in talks for Iraq chems project - reports

29 August 2007 16:57  [Source: ICIS news]

LONDON (ICIS news)--The government of Iraq is in talks with Shell and Dow Chemical on plans to rehabilitate and expand a chemical complex in the south of the country, newswire reports said on Wednesday.

 

The Iraq industry minister Fawzi Hariri said talks on a joint venture agreement worth $2.1bn (€1.5bn) could be concluded later this year, according to Reuters.

 

Dow Chemical declined to comment, while Shell could not immediately be reached for comment.

 

In January 2007, Hariri said Iraq was in discussions with Chevron and ExxonMobil over plans for a $3bn petrochemical complex in the country.

 

($1 = €0.73)

By: Mark Watts
+44 20 8652 3214

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