Iraq concludes oil agreement with Indonesia<\/p>\n
Agence France-Presse, Baghdad<\/p>\n
Iraqi Oil Minister Amer Mohammed Rashid and Indonesian Energy
\nand Mineral Resources Minister Purnomo Yusgiantoro here Tuesday
\nsigned an oil exploration agreement.<\/p>\n
The accord calls for Indonesia's state oil and gas company
\nPertamina and the Iraqi oil ministry's oil exploration firm to
\ndrill for oil and gas in an area of 10,000 square kilometres
\n(3,860 square miles) in Iraq's western desert, Rashid told
\nreporters.<\/p>\n
\"There is a strong chance of finding oil and gas in this
\narea ... This is a strategic project for both countries,\" he
\nsaid.<\/p>\n
The two sides also signed a memorandum of understanding to
\nboost economic and technical cooperation between Iraq's oil
\nministry and Indonesia's energy ministry, he added.<\/p>\n
Yusgiantoro, who arrived in Baghdad on Monday, earlier held
\ntalks with Iraqi President Saddam Hussein, the Indonesian embassy
\nsaid.<\/p>\n
Heading a delegation of oil, gas and electricity experts,
\nYusgiantoro also met with Industry and Mines Minister Muyassar
\nRaja Shallah, it said.<\/p>\n
The Indonesian minister's visit came as Iraq renewed calls for
\nArab and Islamic states to join a collective oil embargo to
\nprotest Israel's military offensive in the West Bank and US
\nsupport for the Jewish state.<\/p>\n
Iraq halted oil exports on April 8 for at least 30 days. But
\nIndonesia, the world's most populous Muslim nation and itself a
\ncrude exporter, has already said it does not believe in use of
\nthe oil weapon.<\/p>",
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