Japan has offered loans of about 120 billion yen ($1.24 billion) to Iraq to build a new refinery and rebuild a port.
Nikkei reports that Japan will initially lend 82.7 billion yen to build a refinery to extract natural gas liquids at the Rumaila oil field, while a second loan of 39.2 billion yen will be used to rebuild the port of Khor Al-Zubair.
Both loans will have a term of 40 years.
JGC Corp and Chiyoda Corp are expected to bid for the Rumaila refinery project, while Toyota Tsusho, Toyo Construction and Toa Corp are expected to bid for the Khor Al-Zubair rebuilding project, the newspaper said.
Nikkei, Reuters
13 June
Japan to lend $1.2 billion to Iraq for port and refinery
Nikkei, Reuters
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