Iraq: The Minister of Transport: Faw Grand Port’s oil imports will exceed its exports.

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Baghdad-Iraq 15/09/2020

Nasser Hussein Bandar Hamad, Minister of Transport disclosed that a final meeting over Al Faw Grand Port’s first phase will be held with a South Korean company. The project, deemed by experts as a strategic one, will connect the East with Europe passing by Turkey and Iraq and will change the global maritime transport routes. The minister clarified that the port will be an important investment hub which will revitalize the Iraq economic status quo, noting that its oil imports will exceed its exports.



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