Industry: the profits of petrochemical project will be $ 110 billion and will provide 50 000 jobs

by **Ponee** Wed Jan 28, 2015 12:03 pm

Follow-up - and babysit - The Ministry of Industry, Wednesday, that the profits of petrochemical project will be $ 110 billion, and at the time indicated that it will provide 50 000 jobs, confirmed that Basra province will be the incubator for plastic industries.

Said Undersecretary Adel Muhsin in a press statement on the sidelines of the signing of the contract that "the project, which was signed between the Ministry of Industry as a government and Shell International will profit a year more than a billion dollars, while the profits will reach during the duration of the project work between 70 to 110 billion dollars, "noting that" the project will be the fourth largest project in the world. "

"The project will be implemented over five years would be the amount of production in which more than 1.0008 million tons per year," pointing out that "the project will occupy between 10-30 thousand people with construction and more than 50 000 people from other manufacturing industries."

He enhancer that "the province of Basra will be an incubator for plastic tubes and fabrics Kalpolstr," pointing out that "global companies have a desire to work in Iraq and that there is a global companies will sign contracts with them during the last period for the establishment of petrochemical projects and fertilizer in Basra and the provinces of other Iraqi."

http://www.alrayy.com/132128.htm

2015-01-28