Chevron Phillips Chemical Signs Letter to Study Iraq Plant
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Iraq and Chevron Phillips Chemical Co., a joint venture of Chevron Corp. and ConocoPhillips, signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in the country, officials said.
The company would examine building a new facility and upgrading an existing Iraq-owned petrochemicals factory in southern Basra province, Hanaa al-Husseini, a spokeswoman for the Industry and Minerals Ministry, said today in Baghdad.