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Russian Rosneft Will Provide a Loan to Kurdistan, Kurdistan Minister of Natural Resources

It was reported that the Rosneft Company will give a loan to the Kurdish region to be re-paid during 3-5 years, but no exact figure for the loan was given.

Arbil/ Iraq TradeLink: Kurdish Minister for Natural Resources Ashti Hawrami disclosed that the agreement with Russian Rosneft oil company will "better" thefinancial situation in the Kurdish region.

It was reported that the Rosneft Company will give a loan to the Kurdish region to be re-paid during 3-5 years, but no exact figure for the loan was given.

Minister Horami described the cooperation with the Russian Rosneft will open new horizons for the Kurdish oil, because the company has refineries in Germany and India.

Source: Iraq TradeLink

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