After meeting Manmohan, Shahristani told media persons: "We do want Indian entities to explore in our country. Iraqi government is, however, passing a new law and all contracts or oil fields awarded previously will have to be vetted under the new law." The oil fields awarded to Indian companies by the previous Saddam Hussein regime will have to be cleared under the new law that is expected to be passed in two months.
The law, which will set rules for investment in
Oil multinationals are waiting for the new law before committing cash to the country.
Expressing
Following his meeting with his Indian counterpart Murli Deora, Shahristani said that all oil contracts awarded by the previous regime would be scrutinized closely.
"Yes, any company that wishes to participate in
The previous regime had short-listed this consortium before the
PIN/MENAFN.COM
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