DUBAI, Aug 31 (Reuters) - Iraq is aiming to have legal and
contractual measures in place by the end of the year for a plant
in Basra that could make country the region's largest
petrochemical producer, Iraqi Oil Minister Ihsan Abdul Jabbar
said in a statement on Monday.
In 2015, Royal Dutch Shell signed a deal with Iraq
worth $11 billion to build a petrochemicals plant in Basra, part
of Iraq's plans to diversify its income.
The Nebras complex is still in the pre-FEED (front end
engineering design) stage.
"In the last few days, the ministry has intensified meetings
with the relevant authorities ... and agreed to speed up the
required procedures ... finalise the contractual and legal
procedures with the concerned parties before the end of this
year, including Shell International...," the statement said.
(Reporting by Dahlia Nehme, writing by Amina Ismail editing by
Barbara Lewis)