Among the many projects in Iraq’s energy sector that could each make it much-needed billions of dollars a year in profits, the Nebras Petrochemical Plant is around the top of the list in terms of its potential. British supermajor Shell signed the original memorandum of understanding to develop the idea back in 2012 and then signed the official deal to do so in January 2015, with high hopes on both sides for the project. For Shell, it would offer the opportunity to build out its then-upstream operations in Majnoon and West Qurna 1 into a flagship…
