The latest Japan – Iraq News – Japanese, Jogmec, economic, investment, oil, gas, Basra & more – brought to you by Iraq Business News
The Director General of the Iraqi Automobile Company (State Company for Automotive Industry - SCAI?) has said that the company is in negotiation with the Japanese company Nissan regarding a possible partnership to manufacture Nissan cars in Iraq. According to a report from Aswat al-Iraq, he is also in discussions with Korea's Kia Motors. The […]
Iraq’s government signed deals for only three of the 12 oil and gas exploration blocks offered in its fourth energy auction, which ended on Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas. Russia's LUKoil, along with partner Inpex Corp of Japan, won the deal for the 5,500-square-kilometer Block 10 in Muthanna […]
The Iraq-Japan joint committee began its two-day meeting on Monday in Tokyo, with the aim of improving economic relations between the countries, reports AKnews. The Iraqi delegation is headed by Foreign Minister Hoshyar Zebari (pictured) and includes representatives from the ministries of trade, oil, finance, agriculture, electricity and health. The committee also includes representatives of […]
AFP reports that Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran. A Japanese foreign ministry spokesman said that loans totalling 42.5 billion yen have been pledged to Baghdad to aid four infrastructure […]
Japanese electronics group Sony has opened its first outlet in Iraq in the city of Erbil, amid ambitious plans to expand further into the competitive Iraqi market. The showroom will have the brand's latest electronics on sale and will also provide a costumer care and maintenance service, according to the director of Sony in Erbil. […]
Bloomberg reports that Malaysia's Petronas and the Japan Petroleum Exploration Co. (JAPEX) will start producing crude from the Gharraf oil field in southern Iraq by September. Sattar Mahdi, head of field development, said the field will initially produce about 35,000 barrels a day by the end of the third quarter, gradually increasing capacity to 230,000 […]
According to a report from Tokyo Times, Japan's Minister for Economy, Trade and Industry, Yukio Edano (pictured), has told Nuri al-Maliki of Japans’s desire to work on the development of Iraqi oil fields. It was reported that a Japanese consortium led by Nippon Oil had been optimistic about securing the right to develop the Nasiriyah oil […]
Iraqi minister of Industry and Minerals, Ahmed Nasir al-Karbouli [Ahmad Nassir Al-Karbooli], pictured, met the Japanese ambassador to Baghdad, Susumu Hasegawa, this week to discuss industrial cooperation. Aswat al-Iraq reports that both sides discussed how to encourage Japanese companies to enter Iraq markets. Karbouli confirmed the desire of the ministry to benefit from Japanese expertise […]
Umm Qasr port administration has announced the seizure of materials contaminated with radioactive isotopes imported from Japan, according to Aswat al-Iraq. A source told the news agency that an imported fork-lift, heading for the private sector, was discovered to have been contaminated by radiation. No information was given on the volume of radiation in the […]
Iraq’s parliamentary economic committee has asked the government to explain a $9.48 million aid donation to Japan to help deal with the aftermath of the devastating March 11 tsunami. The donation was announced last week in a government statement, alongside hints of a potential business arrangement between the two countries. “The government has agreed to […]
Just days after Iraq approved a loan from Japan for infrastructural development, Iraq said on Wednesday it would donate $9.48 million in disaster relief to Japan as Tokyo struggles with the devastation of a March 11 tsunami. "The government has agreed to donate $10 million in aid following the events in Japan, and is also […]
The Iraqi Parliament ratified two memoranda and two letters containing the Japanese loan to finance a number of electrical and water projects on Sunday. The loan is reportedly valued at 87.84 billion Japanese Yen [$1.1 billion, 1.3 trillion Iraqi dinars]. A statement, issued by the parliamentary media center, said that the loan is "to rebuild […]
