Iraq’s Cabinet has given approval to activate a Japanese loan offer that will fund an upgrade to the Shuaiba refinery in Basra.The new plans promise to improve the efficiency of the refinery, increasing the amount of usable fuel that can be gained from a barrel of crude and raising the quality of products.”It will save the country a lot of money and provide good gasoline, of more than 90 octane,” said an official at the Southern Refineries Company (SRC) who works at the Shuaiba refinery….