Chevron and ExxonMobil are Talking with Iraq

According to Iraq's minister for industry and minerals, the country is involved in early-stage negotiations with Chevron and ExxonMobil regarding a $3 billion petrochemical complex. Fawzi Hariri is hopeful that the discussions will lead to a memorandum of understanding with one of the two companies by July 2007. Iraq is also talking with ABB Lummus, Dow Chemical and KBR about rehabilitating existing facilities.

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