By John Lee.
Shell is reported to be still in the process of evaluating the viability of the $11-billion Nebras petrochemical complex in Basra.
The project was designed to produce 1.8 million mt/year of various petrochemicals, using naphtha as a feedstock.
Last year, Reuters reported that Saudi Basic Industries Corp (SABIC) was in talks to join the project, but according to S&P Global Platts there has been no update on the progress of these talks.
(Source: S&P Global Platts)