Japan Basra Refinery Project moves into its final stages as Baghdad and Tokyo celebrate stronger cooperation in the energy sector. The development represents the largest Japanese loan-financed project in the Middle East and highlights deepening ties between the two nations.
The Japanese Ambassador to Iraq confirmed that the Basra Refinery Development Project, known as FCC, nears completion after years of joint work. He emphasized that the project comes through close partnership between Japanese companies and the Iraqi government. Both sides invested significant effort to ensure steady progress and timely execution.
Officials stressed that the Japan Basra Refinery Project carries a total value of 4.8 billion US dollars. This makes it a milestone in Iraq’s infrastructure development and one of the most ambitious refinery upgrades in the region. With construction reaching its final stages, both governments expect completion soon and anticipate a large celebration to mark the achievement.
The project is not only about construction but also about long-term cooperation. The ambassador highlighted that Japan views this refinery upgrade as a symbol of trust and friendship. He noted that the project demonstrates Japan’s willingness to invest heavily in Iraq’s economic future.
Looking ahead, Japan also expressed readiness to expand cooperation with Iraq beyond oil. The ambassador explained that his government is preparing proposals for new projects in electricity, water, and other vital sectors. He also stressed the importance of supporting entrepreneurship and helping Iraq strengthen its private sector.
The Japan Basra Refinery Project reflects Iraq’s broader strategy to modernize its oil infrastructure. By upgrading refineries, Iraq aims to reduce dependence on imported fuel, increase energy self-sufficiency, and create new job opportunities. At the same time, Japan benefits by securing a reliable partner in the Middle East energy market.
The ambassador affirmed that Japan hopes to finalize more agreements with Iraq in the near future. These agreements could include initiatives that support sustainable development, technology transfer, and capacity building. Through these efforts, Japan aims to contribute to Iraq’s economic growth while deepening bilateral relations.
With the Japan Basra Refinery Project nearing completion, both countries prepare for a new chapter of cooperation. The project’s success will strengthen trust, expand opportunities, and underline the strategic importance of Iraq-Japan relations.