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Iraq open for business - Miliband | |
(about 3 hours later) | |
Foreign Secretary David Miliband has declared Iraq "open for business" and a good place for UK firms to do business, during a surprise visit to the country. | |
After meeting his Iraqi counterpart, Mr Miliband told a press conference the UK was committed to investing in Iraq. | |
The UK-based Mesopotamia Petroleum Company has just agreed a £277m ($400m) joint venture to drill for oil in Iraq. | |
Mr Miliband is expected to visit British forces in Basra on Friday, as they prepare for withdrawal in July. | |
He will also meet Iraqi Prime Minister Nouri al-Maliki during his two-day visit, his first since April 2008. | |
UK forces have lost 178 troops since the 2003 invasion and currently have a 4,100-strong force in the country. | UK forces have lost 178 troops since the 2003 invasion and currently have a 4,100-strong force in the country. |
They handed over control of Basra airport, the main military base in southern Iraq, on 1 January and have been training the Iraqi army. Britain will be a major investor in Iraq David Miliband | |
UK Prime Minister Gordon Brown has said Britain's mission will be completed "by the end of May, or earlier" and withdrawal is scheduled by the end of July. | |
Mr Miliband told the press conference: "With the improving security situation... our relationship becomes one defined not just by defence and security but also by politics, by economics, by culture and by education." | |
The deal between the Mesopotamia Petroleum Company and Iraq's oil ministry will see 60 oil wells drilled per month, each producing 2,000 barrels of crude per day. | |
"This sends an important signal, not just to the people of Iraq about the long-term economic commitment of Britain to Iraq, but also... to British business [that] Iraq is open for business," said Mr Miliband. | |
Iraqi leaders recently invited foreign firms to invest in the oil-rich state as security improves. | Iraqi leaders recently invited foreign firms to invest in the oil-rich state as security improves. |
Praise for Obama | |
Mr Miliband said a number of UK companies were already interested, not just within the oil industry but in sectors such as education. | |
"Britain will be a major investor in Iraq," he added. | |
Mr Miliband also praised US President Barack Obama's administration for its careful and "wholly appropriate" approach to pulling out troops. | |
Mr al-Maliki has said his country was not worried by Mr Obama's plans for an accelerated withdrawal, as the president prepares to announce a timeline for the process. | |
The Foreign Office said Mr Miliband's discussions with Mr al-Maliki were likely to focus on trade, education and cultural links, the Middle East peace process and human rights. | |
Students taking advantage of a UK-funded scholarship scheme to help bright Iraqis attend university in Britain will also talk to Mr Miliband about the scheme. | |
Mr Miliband's visits comes after senior figures including French President Nicolas Sarkozy and German Foreign Minister Frank-Walter Steinmeier also visited the country this month. |