The project. worth 12 billion yen. will be through a sector soft loan from Japan'.s Official Development Assistance (ODA) that will be paid over 40 years. including a 10-year grace period.
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GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.
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Construction work at the plant to be built near the city of El Alamein. is expected to create 20.000 jobs.
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Oil is almost always collected far from where it is used. That means it needs to be transported. sometimes over great distances. Be it by ship. truck. pipeline. or rail. it’s a task that’s fraught with risk…
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According to a TPO official. the Iran-Ghana Joint Economic Cooperation Commission meeting will be held in Ghana in two months.
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One of the key achievements of 11th administration was signing a nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) that increased investment in oil. gas and renewables sector.
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Asian companies have actively sought downstream projects in Iran'.s emerging petroleum industry after the easing of international sanctions in January of last year.
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The key political achievement of Rouhani during past four years in the office was signing a nuclear deal with six major world powers.
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China insists oil and gas exploration is taking place within its own waters after long-standing territorial dispute flares up.
Read More »Qatar to Purchase 7 Italian Navy Ships in $6bn Defense Deal Amid Gulf Crisis
Last June. Italy'.s state-run shipbuilding corporation Fincantieri announced a 4-billion-euro contract to deliver some vessels for Qatari Navy.
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