• Tuesday, 30 July 2024
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Iraq and India to expand cooperation in energy sector

Iraq and India to expand cooperation in energy sector
Indian Oil Minister M Veerappa Moily arrived in Baghdad today with a high level delegation as India looks to expand cooperation in energy and other sectors with post-war Iraq.

Moily is leading a 28-member delegation to take part in the 17th India-Iraq Joint Commission on Economic and Technical Cooperation tomorrow.
The delegation comprises of senior officials from the ministries of petroleum, power, steel, railways, agriculture, education, along with the representatives from all the nine oil sector PSUs.
Moily will call on the Iraqi Prime Minister Nouri Al Maliki, Deputy Prime Minster and the Oil Policy In-Charge Hussein Shahristani in Baghdad today.
Iraq, which is India's second largest oil supplier after Saudi Arabia, is trying to raise output and needs investments to enhance its infrastructure, an area India is keenly looking at for furthering relations.
India is keen on exploring oil in the hydrocarbon-rich nation, build new refineries and revamp old ones, and build infrastructure like oil and gas pipelines and roads.
Reliance Industries has been shortlisted for development of the multi-billion-dollar Nasiriya oilfield project. Besides, Indian Oil Corp (IOC) has been training Iraqi oil officials in downstream refining and marketing.
Moily will formally inaugurate the 17th session of India-Iraq Joint Commission tomorrow with his Iraqi counterpart.
The Commission deals with energy, agriculture, low-cost housing, higher education and tourism, among others.
The last meeting of the Joint Commission was held in 2007.
India's Ambassador to Iraq Suresh K Reddy said the visit is significant in the wake of the fact that Iraq is now India's second largest supplier of oil after Saudi Arabia.



Soran Ali
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