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Saudi company to invest in Iraqi petrochemical project

Summary by AGBI
Saudi Arabia’s Ajyal Group is planning to partner with the Iraqi government to build a petrochemical complex. Iraq’s industry and minerals minister Khalid Al-Najm discussed project details with company officials in the capital Baghdad on Tuesday. The project will be based in Basra and could be Iraq’s first petrochemical plant following Shell’s decision to pull out of the $11 billion Nebras project. The official Iraqi news agency reported on Tues…
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AGBI broke the news in on Wednesday, July 30, 2025.
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