Total signs preliminary accord with Iraq

摘要

French oil giant Total is exploring the option of building a "world-scale" petrochemical complex in Iraq as part of its strategy to develop its activities in the Middle East's growth markets according to AFP. 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. Total did not put a value on the mooted project, or a timeframe.