Saudi Basic Industries Corp (SABIC), the world’s fourth-largest petrochemicals company, is in talks to become a partner in Iraq’s Nebras petrochemical project, Reuters reported, citing Kadhim Mohammed Jawad Hassan, who is an advisor to Iraqi Prime Minister.
The discussions between Saudi Arabia and Iraq on the project are at an advanced stage and at the ministerial level, Hassan said.
SABIC is expected to enter as a fourth partner with Royal Dutch Shell, and the Iraqi oil and agriculture ministries, he added.
The Nebras project is still in the pre-FEED (front end engineering design) stage.
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