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[size=37]Japan gives Iraq a loan of two billion dollars to develop and rehabilitate the Basra oil refinery[/size]
BAGHDAD - A Journal
The president of the Commission on oil and gas in the Basra Governorate Council Ali Shaddad Knight, on Monday, for the Japanese government agreed to give Iraq a loan of two billion and a $ 100 million dollars to implement a range of rehabilitation projects in the Basra oil refinery, adding that the interest rate of the loan of 2% and repayable over a period of 40 years.
Said Knight in a press statement seen by (Il Giornale), said that "these funds will be allocated to implement a range of vital and strategic projects in the Basra refinery project (hydrogenation gas oil) card (20) thousand barrels per day, in addition to project and cracker unit Catalytic (FCC), which It is the largest of its kind within the liquidation projects, "pointing out that" these projects will be the termination of them by 2020. "
He added that "these projects goalscoring to develop the refinery mentioned and bring it to a daily production of an estimated 4500 tons of reformulated gasoline and 27,000 barrels of fuel oil and (40,000) barrels of hydrogenated gas oil, which is produced for the first time in Iraq, according to international standards in addition to the production of 500 tons of liquid gas which enhances the actual need of the country. "
He pointed out that the jockey "obtaining Japanese loan came after the great efforts made by the Iraqi Oil Ministry to persuade the Japanese side to agree to give Iraq a financial loan, which will contribute positively to develop the Basra oil refinery, the amount of" .anthy 3
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