French Company to Invest in Petrochemical in South Alarac

Iraqi Dinar 123 News: – The Iraqi Oil Minister Adel Abdul Mehdi has signed a memorandum of understanding with a French company ‘Total’, for a bigger project for the petrochemicals in South Alarac. The media adviser to the Iraqi Oil Minister Ahmed Al Saadi also issued a statement that after starting this project, Iraq would be in the list of largest petrochemicals producer among the Middle East countries.

The Iraqi Oil Minister Adel Abdul Mehdi met with the French President and a group of French Ministers of the Joint Economic Committee and discussed related issues between France and Iraq. A number of memorandums of understanding will be signed with French oil company ‘Total’. This French company is one of the six largest oil companies in the world and headquarter of this company is located in Paris.

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