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The Minister of Oil is likely to sign the Nibras project in early 2021 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Minister of Oil is likely to sign the Nibras project in early 2021

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The Minister of Oil is likely to sign the Nibras project in early 2021 Empty The Minister of Oil is likely to sign the Nibras project in early 2021

Post by claud39 on Sun Nov 08, 2020 8:50 am

The Minister of Oil is likely to sign the Nibras project in early 2021


11/8/2020



The Minister of Oil is likely to sign the Nibras project in early 2021 24128





Economy News _ Baghdad



On Sunday, Oil Minister Ihsan Abdul-Jabbar suggested signing the final memorandum of understanding regarding the giant "Al-Nibras - Basra Petrochemical Complex" project, during the first quarter of next year 2021, confirming the ministry's endeavor to provide thousands of job opportunities in long-term projects.

Abdul-Jabbar said in an interview followed by Al-Eqtisad News, that “there are strenuous efforts to sign the final memorandum of understanding for the Basra Petrochemical Project, which will provide great job opportunities, after which the final investment decision will be signed in the second quarter of 2023.
Abdul-Jabbar added, "The project will start to attract job opportunities because it is one of the mega-projects, and it needs time and study before starting to invest in it."

The "Nibras" project is one of the important strategic projects in the petrochemical industries sector. Preparations are being made to implement it in cooperation between the ministries of oil and industry on the one hand and the global "Shell" on the other hand, with a capacity of one million and 800 thousand tons per year of "polyethylene". It is expected that the project will provide 30,000 jobs. 



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