Total in talks to build petchem complex in Iraq

March 2, 2014 3:07 am

French oil giant, Total has said it is looking at building a “world-scale” petrochemical complex in Iraq, as part of its strategy to develop its activities in the Middle East’s growth markets, AFP has reported. The head of Total’s refining and chemicals division, Patrick Pouyanne, said he signed a preliminary accord with Iraq’s industry ministry in November 2013 to examine the feasibility of the complex in the southern Iraqi port of Basra. “They are exploratory discussions at this stage that should be confirmed in coming months,” a company spokeswoman said.