Iran gives $1 billion in credit to Iraq

[jmc247]

Source: AP

Iran has extended $1 billion in credits for reconstruction projects in Iraq, a senior official said Tuesday ahead of an international conference on stabilizing Iraq.

Ali Larijani, Iran's top nuclear negotiator, said a committee of experts from both countries was discussing possible development projects, including some involving energy, the state-run news agency IRNA reported.

"We are prepared for implementation of economic projects in Iraq. For this purpose, we have allocated $1 billion in credit," IRNA quoted Larijani as saying.

His comments came two days before Iran joins the United States, European powers and Arab countries at a conference in Egypt to discuss a plan for stabilizing Iraq.

Read more: http://www.chron.com/disp/story.mpl/ap/world/4766842.html

[William769]

1. As the old saying goes...

You don't get nothing for free.

[Skink]

2. Chavez can't be far behind.