Saudi Company discusses Petrochemical Partnership in Basra
Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra.
The proposed complex would be built on the site of the State Company for Petrochemical Industries in Basra Province.
During the meeting, participants discussed the terms of the potential partnership and evaluated proposed mechanisms for supplying the project with natural gas, LPG, or alternative energy sources. Technical and legal considerations were also reviewed.
Minister Al-Najm emphasised the strategic importance of the project, describing it as one of the ministry's most promising initiatives to revive and develop Iraq's strategic industries and strengthen the national industrial base. He directed the continuation of negotiations and coordination with relevant parties to secure the necessary requirements to advance the project.
(Source: Ministry of Industry and Minerals)
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