Japan to invest in Oil sector in Iraq

Japan to invest in Oil sector in Iraq

( A Japanese newspaper assured that Tokyo offered to loan Iraq USD (2,24) million to establish a marina and an Oil refinery.According to the Japanese newspaper, Nikkei, ”Japan will offer a loan of USD (861) million at first to build a refinery to extract liquids out of natural gas in the Rumaila oilfield in Basra province.””The loan will be followed by another one of USD (408) million to rebuild Khur al-Zubair port in Basra province, ” pointing out that “The repayment duration of the two loans will be throughout (40) years,” the newspaper added. \END\

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