The article: “J.P. Morgan backs financing for Iraq’s $1.6 billion Basra industrial project” In order to secure development financing for a $1.6 billion urea factory in Basra, one of Iraq’s largest private industrial projects, KAR Electrical Power factory Production Trading FZE (KEPPT) has engaged J.P. Morgan.The participation of J.P. Morgan is a significant endorsement of Iraq.
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