Shell to Continue Investment in Iraq

Shell to Continue Investment in Iraq

The Wall Street Journal, Tue, Nov 19, 2013

by Hassan Hafidh

Royal Dutch Shell recently announced its intention to build an $11 billion dollar petrochemical facility in the south of Iraq. The project is one of many major investments that the company has undertaken in Iraq in the past few years. The most notable of these investments has been the development of the Majnoon Oilfield outside the city of Basra.

Following a meeting with Iraqi officials, reports indicated that the final contract will be signed in the coming weeks. Shell and other major oil companies continue to play a major role in the development of Iraq’s oil industry.

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