Japan Funds Development Of Basra Refinery
Date
12/29/2022 9:00:05 PM
(MENAFN- Iraq Business News)
By John Lee.
Iraq and Japan have signed a memorandum granting a Japanese loan for the Basra refinery Development Project (Phase IV) .
The agreement was signed on Wednesday by Iraq's Minister of Finance, Taif Sami Mohammed, the Chargé d'Affaires of the Japanese Embassy in Baghdad, Masamoto Kenichi, and the Executive Director of JICA Iraq Office, Mr. Yoneda Jin.
The loan totals 120 billion Japanese yen, approximately equivalent to 900 million US dollars.
The project involves a new fluid catalytic cracking (fcc) complex at to be built by Japan's JGC Corporation .
(Sources: Ministry of Oil, Ministry of Finance)
MENAFN29122022000217011061ID1105366348
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.