Posted on 17 October 2011.
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra.
AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate a plot of land.
Once launched, the project is expected to provide up to one thousand jobs for local people.
http://www.iraq-businessnews.com/2011/1 ... -in-basra/
