From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Indian Shiites volunteer to go to Iraq to protect their shrines from ISIS. CNN's Sumnima Udas reports.
By John Lee. Pressure is mounting in India to help repatriate 58 labourers from Gujarat who have been reportedly held hostage in Iraq by their employer. According to a report from Outlook India, the matter came to light when seven of the labourers managed to return from Iraq, and alleged that recruitment agents lured them […]
By John Lee. India's Hindustan Petroleum (HPCL) aims to increase crude imports from Iraq by 8 percent to about 65,000 bpd in the year to the end of March 2015, as it takes up better terms offered by Baghdad. The company's director of refineries, B. K. Namdeo, told Reuters that Iraq is offering 60 days' […]
By John Lee. India's Desh Bhagat University has signed a memorandum of understanding (MOU) with Iraq. While welcoming the Iraqi delegation, chancellor of the university Zora Singh (pictured) said that the aim of this educational exchange programme was to provide opportunities to the students and faculty of both countries to interact with each other on […]
By John Lee. The head of refineries at Hindustan Petroleum (HPCL) has told Reuters that Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014. B.K. Namdeo added: "Iraq is very positive. They are willing to raise credit period to 60 days and waive […]
By John Lee. BGR Energy Systems has signed a contract with the Ministry of Electricity for engineering, procurement and construction (EPC) of four 125-MW gas-fueled power project at Nasiriya. The Economic Times reports that the contract is valued at $246 million and includes the scope of engineering, procurement and construction services of BOP, civil works […]
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
India is looking forward to further strengthening its relations with Iraq as an "equity partner" in areas like oil exploration and petrochemicals, the country's President, Pranab Mukherjee, said on Friday. Speaking during the visit of Iraqi Prime Minister Nouri al-Maliki, the President added: "Iraq has become India's second largest crude oil supplier. This is a […]
Prime Minister Nouri al-Maliki is to visit India on Thursday to push for investment in reconstruction, reports AFP. The four-day trip to New Delhi and Mumbai, with a delegation of ministers and business leaders, follows the visit of India Oil Minister M Veerappa Moily to Baghdad last month. But the prospects of luring foreign investment to […]
By John Lee. Iraq has ruled out offering any special oil price to India because its laws don't allow it to do so, reports the Economic Times. "Our laws do not allow us to offer any special pricing to anyone. We can sell crude only at the existing market- determined prices," Iraqi Deputy Prime Minister […]
By John Lee. Reliance Industries Chairman, Mukesh Ambani (pictured), has told reporters that his company is exploring investment opportunities in Iraq. "We are evaluating all opportunities in the Iraqi oil and gas sector. But so far, nothing has been finalised and we will take a call on this -- both the downstream and upstream assets […]
By John Lee. Iraq has offered three discovered oilfields to India "on a nomination basis" and agreed to renegotiate a contract pending since 2000, reports Telegraph India. Oil Minister M Veerappa Moily told reporters that Iraq offered to give state-owned Indian firms the Kifil, West Kifil and Merjan oilfields in the Middle Furat region in […]
