Iraq signs 48 deals with US companies during PM’s visit to Washington
Iraq signed 48 agreements with US companies during Prime Minister Ali al-Zaidi's Washington visit, including major energy partnerships with ExxonMobil, Shell, Chevron, and Halliburton. The deals encompass reconstruction of the Iraq-Syria crude oil pipeline and Starlink satellite services, with total value exceeding $60 billion across energy, healthcare, and technology sectors.
Iraq has concluded a substantial round of commercial agreements with American firms, marking a significant expansion of bilateral business ties. Prime Minister Ali al-Zaidi oversaw the signing of 48 separate accords, memoranda of understanding, and partnership declarations at a US-Iraq business summit held at the US Chamber of Commerce in Washington. The agreements span multiple sectors, with particular emphasis on energy infrastructure and production capacity.
Energy partnerships form the cornerstone of the deal package. Iraqi ministries of oil and electricity have entered into cooperation frameworks with major international energy companies including ExxonMobil, Shell, Chevron, and Halliburton, alongside engineering firms KBR and GE Vernova. Beyond these operational partnerships, Iraq and Syria have jointly committed to rehabilitating the Iraq-Syria crude oil pipeline, a dormant infrastructure project connecting the Kirkuk oil region in northern Iraq to Syria's Mediterranean port at Baniyas. Chevron has been designated to execute this pipeline reconstruction effort, with the US State Department confirming that a US-led international consortium will manage technical and financial implementation. Upon completion, the pipeline is projected to transport two million barrels of crude oil daily, creating an alternative export route that circumvents the Strait of Hormuz.
Beyond energy infrastructure, Iraq has secured a technology agreement with Starlink to establish satellite communications services throughout the country. The broader portfolio of agreements addresses healthcare and additional technology needs. Iraqi leadership has framed these arrangements as part of an open-door investment policy, with Prime Minister al-Zaidi emphasizing accessibility for international business partners. According to Reuters reporting, the cumulative value of Iraq's initial agreements with US entities exceeds $60 billion, reflecting the scale of commercial commitment underlying these arrangements.
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