Maria Tsay

London — Shell is still in the process of evaluating the viability of the Nebras petrochemicals complex in Iraq together with the country's Ministry of Industry and Minerals and the Ministry of Oil, according to the company's spokesman. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In January 2015, Shell signed a deal with the government of Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra.

London — Growing demand for plastics in developing countries means the petrochemicals sector will still be among the key drivers of oil demand in the next few years despite a global anti-plastic and circular economy push, International Energy Agency senior oil market analyst Peg Mackey said Tuesday at the International Petroleum Week conference. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

London — Saudi Aramco is planning to shift around 2 million-3 million barrels of crude oil to the production of petrochemicals in the next decade, CEO Amin H Nasser said at International Petroleum Week in London Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company is looking at an around 30%-40% downstream integration in its refineries from 11% in recent years.