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Iraq seeks to attract India's investments in the oil and gas sector
15:52 - 26/09/2019
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Information / Translation…
Iraqi Ambassador to India Falah Abdul Hassan said that [You must be registered and logged in to see this link.] seeking to attract the investments of Indian companies in the oil and gas sector, and is likely to be discussed this issue during the visit of the Minister of Petroleum Dharmendra Pradhan to the country.
"The Iraqi and Indian sides are working on a visa liberalization system, as well as seeking an agreement to avoid double taxation," Abdul Hassan was quoted as saying by the Indian Today newspaper.
"We are looking for investments from Indian companies operating in the Indian oil and gas sector and there are tremendous opportunities in this sector."
He continued that “ [You must be registered and logged in to see this link.] provides India with crude oil worth 25 billion dollars a year. Public sector oil companies in India, including IOCL, HPCL and BPCL, are the main importers of oil from [You must be registered and logged in to see this link.] . ”
The Iraqi ambassador that "his country is also exploring greater cooperation with India in many other sectors including health care, medicine and aviation, and the Iraqi government is considering increasing flights between the two countries."
"In 2018-1919, [You must be registered and logged in to see this link.] became , for the second year in a row, the largest supplier of crude oil in India, meeting more than one-fifth of the country's oil needs," the report said.
India also imports goods such as raw wool and sulfur from [You must be registered and logged in to see this link.] , while Indian exports to Iraq consist of grains, iron, steel, meat, meat products, pharmaceutical products, agrochemicals and tea. Finished / 25 z
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