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Iraq is considering downsizing the mega ‘Nebras’ petrochemical project after the withdrawal of Shell. Shell’s decision to pull out of the Nebras project in Southern Basra city was prompted by its “new investment policy”, which includes a switch from investment in petrochemicals to gas. Shell remains in Iraq with control of 45 percent of Basra Gas Company. The Iraqi ministry announced plans to downsize the Nebras project and build smaller petrochemical plants in other areas of Iraq for flexibility and a higher degree of independence. 

Iraq may downsize ‘Nebras’ project after Shell pullout

Iraq is considering downsizing the mega ‘Nebras’ petrochemical project after the withdrawal of Shell. Shell’s decision to pull out of the Nebras project in Southern Basra city was prompted by its “new investment policy”, which includes a switch from investment in petrochemicals to gas. Shell remains in Iraq with control of 45 percent of Basra Gas Company. The Iraqi ministry announced plans to downsize the Nebras project and build smaller petrochemical plants in other areas of Iraq for flexibility and a higher degree of independence. 

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