Iraq is looking to strengthen cooperation with Japan in various fields

by **RamblerNash** Tue Dec 12, 2017 10:49 pm

Iraq is looking to strengthen cooperation with Japan in various fields

12/12/2017

Economy News _ Baghdad

Prime Minister Haider al-Abadi and the Japanese foreign minister on Tuesday discussed bilateral cooperation in various fields and the post-urgent situation in addition to the situation in the region.

"Abadi discussed with the Japanese Foreign Minister the promotion of bilateral cooperation between the two countries in various fields, and the reconstruction and construction phase after the end of the liberation operations from the gangs of terror," said a statement by the Prime Minister's Information Office.

It is noteworthy that Japan, signed with Iraq, last October, a soft loan agreement worth $ 502 million, directed to support the Iraqi budget and strengthen the financial situation, and cover the expenses of the general budget, in addition to supporting the Iraqi electricity sector.

In August, Iraq signed a $ 192 million Japanese loan agreement to rehabilitate a power station in the southern province of Basra, which was built by Mitsubishi Japan in 1979.

Iraq has also appointed Japan's Toyo Engineering Works, which has been operating in Iraq since February 2012, to help the Iraqi Ministry of Oil build an Anababip gas pipeline heading to Kuwait and a petrochemical plant linked to it.

Iraq has secured loans of $ 2.85 billion (3.47 trillion dinars), including loans from the Japan Bank for International Cooperation (JBIC) of $ 80 million for projects of the Ministry of Electricity , And JICA $ 858 million, earmarked for eight different ministries.

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