Great financial losses at Iraqi Petrochemical Industries Company

BAGHDAD / IraqiNews.com: Petrochemical Industries Company stopped work for not being provided with the natural gas necessary for operation, which led to great financial losses, Iraqi ministry of industry statement said here today. The statement, copy received by IraqiNews.com, said that the company is one of the important ones in the country and the base for chemical industry in Iraq. It was established to consume one million tons of natural gas, as reported by the statement. Industry ministry undersecretary Maki al-Dairi, according to the statement, called upon Iraqi oil ministry to cooperate with its organs to manufacture gas separation stations. On the investment level, he added that the investment contract with the petrochemical company is not working because there are no guarantees for continued supply of natural gas.RM (TS)/SRNumber of Reads:35