A Deputy Confirms The Imminent Start Of A Project That Will Achieve “Billion-Dollar” Profits And Provide 40,000 Job Opportunities
Energy Economy News – Baghdad Member of the Parliamentary Oil and Gas Committee, Adnan Al-Jabri, said on Wednesday that the “Nebras” petrochemical project in Basra Governorate is considered one of the largest projects.
Al-Jabri stressed, “Iraq needs a promising transformation in the field of petrochemicals to be a manufacturing country for these materials, especially with the presence of the raw material represented by oil, and therefore this raw material exists and there will be a shift in this field.”
Al-Jabri added in an interview with Al-Furat News Agency, followed by Al-Eqtisad News, that “the project will start soon because it is part of the government program, and there will be follow-ups by the House of Representatives with the government to speed up the completion of this project.”
The project manager, Hussein Muhammad Ali, said earlier, “The estimated cost of the project amounts to 8 billion and 540 million US dollars, and its annual profits are estimated at 1.4 billion US dollars.”
Ali added, "The project will exploit natural gas surpluses and attract external capital, in addition to providing great job opportunities during the construction period, estimated at 40,000 mobile jobs, in addition to exploiting job opportunities during production operations."
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