India Keen on Importing LNG from Iraq, to Build Refineries

From Oman Tribune

NEW DELHI India has also evinced interest in building refineries and petrochemical plants in Iraq and is keen to source liquefied natural gas (LNG) from its second largest oil supplier.

Oil minister M Veerappa Moily, who is leading a 28-member delegation to participate in the 17th India-Iraq Joint Commission meeting in Baghdad, expressed interest in setting up gas-based projects including, fertiliser plants in the post-war Iraq.

India’s Reliance Industries has been short-listed to develop its Nasiriya oilfield and refinery.

Moily on his arrival in Baghdad on July 6 called on Iraqi Prime Minister Nouri Al Maliki and reiterated to him the invitation of Prime Minister Manmohan Singh to visit New Delhi, an official statement issued here said.

“The Iraqi prime minister expressed that he was planning the visit to New Delhi in September, 2013,” it said.

Iraq in recent months has replaced sanctions-hit Iran as India’s second-largest crude oil supplier after Saudi Arabia. Iraq, which produces 3.15 million barrels of crude a day and plans to double output by 2020, has promised to meet India’s additional energy requirements with the increase in its production.

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