KEPPT appoints J.P. Morgan to arrange financing of its strategic US$1.6bn urea plant in Iraq

KEPPT appoints J.P. Morgan to arrange financing of its strategic US$1.6bn urea plant in Iraq

London, July 07, 2026 (GLOBE NEWSWIRE) -- KAR Electrical Power Plant Production Trading FZE (“KEPPT”) has engaged J.P.

J.P. Morgan arranges financing for Iraqi urea plant

KEPPT has appointed J.P. Morgan to arrange financing for its strategic US$1.6 billion urea plant in Iraq.

J.P. Morgan backs financing for Iraq’s $1.6 billion Basra industrial project

Baghdad (IraqiNews.com) – KAR Electrical Power Plant Production Trading FZE (KEPPT) has hired J.P. Morgan to arrange development finance for a $1.6 billion urea plant in Basra, one of Iraq’s biggest private industrial projects and another important show of confidence in the country’s expanding economy. J.P. Morgan will collaborate with a number of top export credit agencies to acquire funding for the project, which is projected to be the second …