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Home / India News / 2007 / May 2007 / May 25, 2007
Iraq Oil Minister Hussain al-Shahristani meets Manmohan Singh
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Iraq Oil Minister Hussain al-Shahristani meets Manmohan Singh

Visiting Iraqi Oil Minister Hussain al-Shahristani met Prime Minister Dr. Manmohan Singh here on Friday.Shahristani is on a four-day visit to India to invite Indian firms to set up oil refineries in his country.

New Delhi, May 25 : Visiting Iraqi Oil Minister Hussain al-Shahristani met Prime Minister Dr. Manmohan Singh here on Friday.Shahristani is on a four-day visit to India to invite Indian firms to set up oil refineries in his country.

During a visit to Riyadh earlier this month, Oil Minister Murli Deora met Shahristani and raised the issue of moving forward with ONGC Videsh Limited's participation in Iraq's upstream oil sector.

The Iraqi Minister invited Indian Oil Corporation Limited and Engineers India Limited to consider participation in the downstream sector of Iraq in particular for construction of oil refinery.

The exploration of the Tuba oil field in southern Iraq could also feature in talks between the two countries in New Delhi.

ONGC, Reliance Industries Ltd. and Algeria's Sonatrach tried in 2000 to secure Tuba.

Iraq is expected to enact an oil law by May-end that would allow its various regions to negotiate oilfield contracts with foreign investors.

According to the Organization of Petroleum Exporting Countries (OPEC) web site, Iraq has a refining capacity of 603,000 barrels per day (bpd). It produces 477,000 bpd of refined products and consumption stands at 514,000 bpd.

ANI

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