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Japanese Companies Seek Partnerships With Turks in Iraq

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June 19 (Bloomberg) -- Japanese companies want to set up partnerships with Turkish enterprises operating in Iraq’s energy and transport industries, said Keiichi Kohama, deputy managing director and chief representative of the Iraq Desk at the Japan Cooperation Center for the Middle East in Baghdad.

“There are so many projects on Iraq, in sectors like transport, oil and gas, electricity and infrastructure,” Kohama said in an interview today at the official opening of the JCCME in Baghdad. Japanese business executives and government officials will meet their Turkish counterparts on July 5 in Istanbul to discuss partnerships, he said.

Japanese companies want to invest in power generation, the oil and gas industry, health projects and infrastructure work, Sami al-Araji, chairman of Iraq’s National Investment Commission, said at the JCCME opening.

Iraq has the fifth-biggest gas reserves in the Middle East and the world’s fifth-largest crude oil deposits, according to data from BP Plc. The government is seeking foreign investment and expertise to help rebuild an economy and infrastructure damaged by years of conflict, sanctions and underinvestment.

To contact the reporter on this story: Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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