Economic Times: India, Iraq conclude key pact over energy cooperation

Baghdad (IraqiNews.com) The Indian Newspaper, The Economic Times, assured that India and Iraq concluded a broad-based energy cooperation agreement.

The Newspaper confirmed that “Iraq has overqualified Indian companies such as ONGC Videsh Limited, MRPL and Reliance for participation in the Nasiriya Project Bid Round.”

“India and Iraq, which is second largest oil exporter to the country, today inked a key pact for conclusion of a 13-year-old contract for exploration of Iraqi block estimated to hold 645 million barrels of in-place reserves under a broad-based energy cooperation agreement,” the Newspaper concluded.