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Petchem investment should come in 5-10 years

Interview US Fluor to target Iraq petchems in next decade

By Ben DuBose

HOUSTON (ICIS news)--Iraq should offer substantial opportunities for petrochemical investment within the next decade following government stabilisation, executives with US engineering and construction firm Fluor said on Friday.

“In the next wave, with stabilisation, we do think there are great opportunities, particularly in oil and gas initially, then in 5-10 years with petrochemicals,” said Michael Pears, senior vice president of the company’s energy and chemicals division.

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