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Iran gives $1b in credit to rebuild Iraq

May 2, 2007 8:08 am By Robert Spencer

Winning hearts and minds. From GulfNews, with thanks to Sr. Soph:

Tehran: Iran has extended $1 billion in credits for reconstruction projects in Iraq, a senior Iranian official said on 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.

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