News
17 August 2023

JICA finances Basrah refinery upgrades

In:
Oil & gas
Region:
Middle East & Africa

JICA has signed a JPY203 billion ($1.39 billion) loan with the Government of Iraq for the Basrah refinery upgrade project. The loan, JICA's fifth for the Basrah refinery, has a 10-year grace period and a 40-year repayment period.This project will improve Iraq’s capacity for producing oil...

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