Iraq, Indonesia oil cooperation

Iraqi Oil Minister Amir Mohammed Rasheed and his Indonesian counterpart Mr. Bornomo Sjiantor, signed two documents. The first includes a contract between Indonesian Bertamina Company and Iraqi Oil exploration Company to explore a site situated in the west of Karbala province and Najav in the Western Sahara, INA reported today.

INA said "This contract will then turn into an agreement between the two sides to develop oil and gas fields that will be found The second document is a memorandum of understanding for economic and technical cooperation between the two ministries to exchange visits and expertise and provide Iraq with the needed spare parts."

This agreement came to complete the agreement which was signed in 1996 for economic cooperation.