By Leila Hameed
Erbil – The Iraqi Electricity Minister Hussein al-Shahristani said Japan has expressed readiness in reconstructing Iraqi nuclear reactors as well as aiding the war-torn country in electricity projects. Japan will also participate in the new round of Iraqi oil contracts’ bidding.
The media cited Monday the Iraqi official telling the reporters about the conclusions of a meeting with the Japanese Economy, Trade and Industry Minister Akihiro Ohata in Baghdad the same day.
Iraq will study developing its peaceful nuclear industry with Japan, said Shahristani, who is also the deputy prime minister for energy.
The parties agreed on pacing up development projects. “Japan will consider the possibility of offering long-term facilitated loans to guarantee projects, including electricity projects.
The Iraqi official added a Japanese trade delegation will arrive in his country February to discuss cooperation in the fields of energy, transportation and entering the Iraqi market.
Japanese companies are preparing to enter the next (fourth) round of bidding in Iraq, Ohata said at the joint press conference, stressing on his country’s “interest” to buttress ties with Iraq in industry and electricity.
The oil rich Iraq suffers from a severe shortage of electricity.
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