The Iraqi Cabinet has authorised the Minister of Finance, or a designated representative, to sign a loan agreement funded by the Export-Import Bank of the United States (EXIM, EXIMBank).
The loan will support the implementation of combined-cycle projects for the Kirkuk Gas Power Plant under the Ministry of Electricity.
According to a statement from the Prime Minister’s office, this decision aligns with the Federal Budget Law for the next three years and the principles of energy cooperation in Iraq. The agreement includes financing terms approved by the Ministry of Finance.
(Source: PMO)
