Iraq signed 48 agreements and partnerships with American companies, many in the oil sector, during a visit to the US by Prime Minister Ali al-Zaidi, his office said on Saturday.
Oil-rich Iraq has been trying to move past decades of war and unrest, but still suffers from poor infrastructure, failing public services, mismanagement and endemic corruption.
It is in urgent need of an economic boost, especially after losing revenue due to a halt in oil exports caused by the Middle East war.
“A total of 48 agreements, memoranda of understanding, cooperation agreements, and partnership declarations were signed between public and private sector entities in Iraq and the United States,” the Iraqi leader’s media office said.
They include “cooperation and partnerships involving the ministries of oil and electricity… with ExxonMobil, KBR, GE Vernova, Shell, and Halliburton,” as well as several deals related to the construction of a major crude oil pipeline between Iraq and Syria.
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‘Champion’
