IRAQ

Iraq, Shell Sign For $11Bn Nebras

Iraq’s Ministry of Industry and Minerals has signed a heads of agreement (HOA) with Shell for the proposed Nebras polyolefins project. This will utilize ethane feedstock separated out from flared natural gas recovered from southern oil fields by the Basra Gas Company (BGC) JV of state firm South Gas, Shell and Japan’s Mitsubishi.

Iraq currently flares around 70% of gross 1.9bn cfd gas output; 80% of this is produced in the south.

A Shell...