India expresses interest in building refineries in Iraq

[saradise]

India expresses interest in building refineries in Iraq

 

Story Dated: Monday, July 8, 2013 17:7 hrs IST 

 

New Delhi: India has evinced interest in building refineries and petrochemical plants in Iraq and is keen to source liquefied natural gas (LNG) from its second largest oil supplier. 

Oil Minister M Veerappa Moily, who is leading a 28-member delegation to participate in the 17th India-Iraq Joint Commission meeting in Baghdad, expressed interest in setting up gas-based projects including, fertiliser plants in the post-war Iraq. 

Moily on his arrival in in Baghdad on July 6 called on Iraqi Prime Minister Nouri Al-Maliki and reiterated to him the invitation of Prime Minister Manmohan Singh to visit New Delhi, an official statement issued here said. 

"The Iraqi Prime Minister expressed that he was planning the visit to New Delhi in September, 2013," it said. 

Stating that Iraq was India's second largest oil supplier after Saudi Arabia, Moily emphasised the need for deepening the relationship between the two countries by increasing economic cooperation. 

Indian firms, he said, had the expertise and are willing to participate in building oil refineries, petrochemicals plants and fertiliser units in Iraq. 

"India will also be interested in gas based projects and importing LNG from Iraq," the statement quoted him as saying. 

He also offered to share knowledge and expertise in agriculture, infrastructure technology, and pharmaceuticals.

The Iraqi PM said Iraq will have great interest in sectors connected with oil and gas especially petrochemicals, refineries and fertilisers and both countries should start working immediately on cooperation in these sectors. 

The meeting with Prime Minister was followed by discussions with Deputy Prime Minister Dr Saleh al-Mutlaq, who also hosted a lunch in the honour of the visiting Minister. 

"In the discussions with Deputy Prime Minister, the delegation members elaborated on the cooperation and possibilities in the oil and gas sector and other sectors such as steel and railways," the statement said. 

India also offered to train Iraqi personnel in oil and gas sector and offered to exchange ideas and expertise to help make the Gulf nation's state-owned firms more efficient and profitable.  

Ananth Kumar said the different committees to be formed will take care of the party's election manifesto, parliamentary election meetings, "chargesheet" against UPA, development agenda and other things. 

He said the Parliamentary Board has authorised party chief Rajnath Singh and poll campaign panel chief Narendra Modi to form these after consultations with senior party leaders. 

The BJP Parliamentary Board discussed the poll strategy at today's meeting, where it decided that the party will go ahead with good governance and development as its major poll planks. 

On taking on the Congress in elections, the party decided to attack it on three issues of corruption, economic crisis and price rise, and its failure on all other fronts. 

Raising a question mark on delay in convening of the Monsoon session of Parliament, normally held in July, the BJP leader alleged that the Congress feared that its much-touted Food Security Bill may not get through in Parliament and thus the need to bring an Ordinance on it. 

"The Congress and UPA is under pressure. It is breaking, it is running away. It is not in a position to face the nation or Parliament," Kumar alleged. 

He said the BJP, on the other hand, is aggressively in election mode and will force the UPA to discuss price rise and development in Parliament. 

"We will place such things before the nation," he said.

 

[calkid11]

Good topic and post.

[saradise]

Here's another one....
 

Iraq wants India's speedy participation in its hydrocarbons sector

India,Business/Economy,Diplomacy, Mon, 08 Jul 2013IANS

 

 

New Delhi, July 8 (IANS) Iraq wants Indian participation in the development of its oil and gas, petrochemicals and fertilizer sectors, Prime Minister Nouri Al-Maliki has told Petroleum Minister M. Veerappa Moily.

Moily, leading a 28-member delegation to the 17th session of the India-Iraq Joint Commission on Economic and Technical Cooperation, met Al-Maliki shortly after he arrived in Baghdad Saturday.

He informed Al-Maliki that Indian companies have the expertise to participate in many projects which were coming up in Iraq and India will also be interested in gas-based projects and importing liquefied natural gas (LNG) from Iraq, said an oil ministry statement here Monday.

Iraq in recent months has replaced sanctions-hit Iran as India's second-largest crude oil supplier after Saudi Arabia. Iraq, which produces 3.15 million barrels of crude a day and plans to double output by 2020, has promised to meet India's additional energy requirements with the increase in its production.

Indian refineries purchased nearly 20 percent of Iraq's crude oil production during 2012-13.

During External Affairs Minister Salman Khurshid's recent visit to Iraq, it was decided that the hydrocarbons buyer-seller relationship would graduate into a strategic partnership, through joint ventures, partnership in strategic reserves storage facility and investments in new and existing refineries and fertiliser plants.

In separate talks with Deputy Prime Minister Saleh al-Mutlaq, Moily offered to train Iraqi personnel in the oil and gas sector at training institutes in India. Indian Oil Corp has been training Iraqi oil officials in downstream refining and marketing.

Reliance Industries has been shortlisted for development of the multi-billion-dollar Nasiriya oilfield project in Iraq.

The India-Iraq Joint Commission deals, among others, with energy, agriculture, low-cost housing, higher education and tourism. The last meeting of the Joint Commission was held in 2007.

When Moily reiterated Prime Minister Manmohan Singh's invitation to the Iraqi Prime Minister to visit New Delhi, Al-Maliki said he was planning the visit coming September, the statement added.

 

http://www.newstrackindia.com/newsdetails/2013/07/08/249--Iraq-wants-India-s-speedy-participation-in-its-hydrocarbons-sector-.html

Edited July 8, 2013 by saradise

[waterman13]

Everyone wants to get in on the "boom" (no pun intended) in Iraq.

Fastest growing economy in the world.

GO IRAQ!

WM13

[arewethereyet777]

Your on fire tonight girl!  Good stuff!  Thank you!

[John in Kuwait]

Why aren't WE building refineries in Iraq???

[sandfly]

WE ARE FLUOR AND KBR IS THERE