South Korea's STX to build Iraq petrochem plant
Iraq's State Co for Petrochemical Industries has signed an agreement with South Korea's STX Heavy Industries for a $3.2bn petrochemical project in the country, Reuters has reported. The complex is set to produce ethylene, propylene, polyethylene and polyvinyl chloride from 2014. The company said in a statement, the petrochemical complex and related facilities will be built in Basrah.




