Advertisement
UK markets close in 1 hour 47 minutes

  • FTSE 100

    8,052.63
    +12.25 (+0.15%)
     

  • FTSE 250

    19,604.56
    -114.81 (-0.58%)
     

  • AIM

    753.60
    -1.09 (-0.14%)
     

  • GBP/EUR

    1.1662
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2470
    +0.0007 (+0.06%)
     

  • Bitcoin GBP

    50,753.76
    -2,302.34 (-4.34%)
     

  • CMC Crypto 200

    1,346.04
    -36.53 (-2.64%)
     

  • S&P 500

    5,003.38
    -68.25 (-1.35%)
     

  • DOW

    37,930.52
    -530.40 (-1.38%)
     

  • CRUDE OIL

    82.86
    +0.05 (+0.06%)
     

  • GOLD FUTURES

    2,330.10
    -8.30 (-0.35%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,863.72
    -224.98 (-1.24%)
     

  • CAC 40

    7,977.06
    -114.80 (-1.42%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Shell signs $11 bln deal to build petrochemicals plant in Iraq

Reuters - UK Focus

BAGHDAD, Jan 28 (Reuters) - Royal Dutch Shell (Xetra: R6C1.DE - news) signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical producer in the Middle East. The factory's expected output was not immediately clear.

Shell (LSE: RDSB.L - news) , which is one of the main oil majors operating in south of Iraq, signed a memorandum of understanding with the ministry for the project in 2012. (Reporting by Saif Hameed; Writing by Stephen Kalin; Editing by Louise Heavens)