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Japan grants Iraq a $ 1 billion loan to develop Basra refinery
June 16, 2019 - 11:36
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Baghdad / step Press
Iraqi Finance Minister Fuad Hussein signed a one-billion-dollar loan with Japanese Ambassador Naoufoy Hashimoto for 40 years.
"The signing ceremony between the Government of the Republic of Iraq, represented by the Ministry of Finance and the Government of Japan, represented by the Japanese Embassy in Baghdad took place on Sunday, followed by the signing of the loan agreement between the Ministry of Finance and JICA," an official statement said.
The statement added that "the mutual notes signed by the Ministry of Finance, Deputy Prime Minister and Minister of Finance Mr. Fuad Hussein and the Japanese side, Mr. Naofoy Hashimoto, the Japanese ambassador in Iraq."
"The value of the loan is one hundred and ten billion Japanese yen, equivalent to about one billion US dollars and a period of 40 years, including 10 years grace and the loan is repayable in semi-annual installments over 30 years and the interest rate is 0.2% fixed," pointing out that "the purpose of The signing of the loan to develop Basra refinery, which will contribute to improving the quality of oil derivatives in addition to increasing production capacity to meet the needs of Iraq of these derivatives.
[You must be registered and logged in to see this link.]
Japan grants Iraq a $ 1 billion loan to develop Basra refinery
June 16, 2019 - 11:36
Number of Views: 8 ━ Section: [You must be registered and logged in to see this link.] - [You must be registered and logged in to see this link.]- [You must be registered and logged in to see this link.]
Baghdad / step Press
Iraqi Finance Minister Fuad Hussein signed a one-billion-dollar loan with Japanese Ambassador Naoufoy Hashimoto for 40 years.
"The signing ceremony between the Government of the Republic of Iraq, represented by the Ministry of Finance and the Government of Japan, represented by the Japanese Embassy in Baghdad took place on Sunday, followed by the signing of the loan agreement between the Ministry of Finance and JICA," an official statement said.
The statement added that "the mutual notes signed by the Ministry of Finance, Deputy Prime Minister and Minister of Finance Mr. Fuad Hussein and the Japanese side, Mr. Naofoy Hashimoto, the Japanese ambassador in Iraq."
"The value of the loan is one hundred and ten billion Japanese yen, equivalent to about one billion US dollars and a period of 40 years, including 10 years grace and the loan is repayable in semi-annual installments over 30 years and the interest rate is 0.2% fixed," pointing out that "the purpose of The signing of the loan to develop Basra refinery, which will contribute to improving the quality of oil derivatives in addition to increasing production capacity to meet the needs of Iraq of these derivatives.
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