Friday, November 17, 2006
Japan offers $171 loan for Basrah oil refinery
Reconstruction
According to the Japanese Ministry of Foreign Affairs, Japan intends to offer a loan to Iraq worth $171 million for the development of engineering services in Basrah Refinery project and rehabilitating the fertilizer plant in Khor Al-Zubair, Al Sabah reported. In a statement, the Foreign Ministry said that the Japanese Foreign Minister pointed out that despite the withdrawal of Japan's troops from Iraq, Japan will continue to support efforts to rebuild Iraq. The Japanese Minister of Economy, Trade and Industry, said after his meeting with the Minister of Oil, that Iraq is an very important partner for Japan being one of the sources of energy.
