Middle East Economic Survey


No 50



Japan To Direct Part Of $3.5bn Iraq Loan Pledge To Oil Reconstruction

The Japanese government said that oil reconstruction would be the target of a portion of the $3.5bn in low interest loans it has pledged to Baghdad, under a pledge made during a visit to Tokyo by Iraqi Prime Minister Ibrahim Ja'fari. While the exact amount for oil reconstruction has not been specified, Iraqi Oil Minister, Ibrahim Bahr al-'Ulum, has requested that...