KEPPT appoints J.P. Morgan to arrange financing of its strategic US$1.6bn urea plant in IraqLondon, July 07, 2026 (GLOBE NEWSWIRE) -- KAR Electrical Power Plant Production Trading FZE (“KEPPT”) has engaged J.P. Morgan to arrange development financing for a landmark $1.6 billion urea plant in Basra, Iraq. The agreement marks a milestone for KEPPT and Iraq’s industrial and economic development. KEPPT will work with the bank to progress financing for the project in conjunction with several leading Export Credit Agencies.
