The Ministry of Oil announced the signing of a memorandum of understanding with India for bilateral cooperation in all fields.

“This came during Minister Hayan Abdul Ghani’s signing of the Memorandum of Understanding with his Indian counterpart, Hardeep Pureh, in the Indian capital, New Delhi,” it said in a statement.

The Minister of Oil affirmed that Iraq considers India an important trading partner and one of the most important importers of Iraqi crude oil, and we have distinguished historical relations, friendship and cooperation with them, and India today represents an economic and industrial power that is witnessing rapid growth.

Abdul-Ghani pointed out, “The two friendly countries are keen to activate and expand the horizons of bilateral cooperation through activating the memorandum of understanding, which includes several axes, including trade, financial, energy, economic, industrial, scientific, health, technical, agricultural, cultural and consular cooperation, training and exchange of experiences and other axes that serve common interests, welcoming Indian investment companies to work in Iraq and in all fields.

For his part, Minister of Oil, Natural Gas, Housing and Urban Affairs of the Republic of India Hardeep Pureh said

“The Iraqi-Indian relations are witnessing a great development, emphasizing the depth of historical relations between the two countries and India’s keenness to be an important trading partner for Iraq, and is keen to strengthen these relations in all fields, stressing the desire of Indian investment companies to implement important projects in Iraq.”

The statement added, “The Iraqi side in the committee included the Ministries of Oil, Foreign Affairs, Finance, Industry, Agriculture, Transportation, Water Resources, Housing and Construction, Electricity, the Ministry of Communications, Education, Culture, Higher Education, Labor and Social Affairs, the Aviation Authority, the Central Bank of Iraq, in addition to the private sector.

Source: National Iraqi News Agency