Iraq, US Sign 48 Agreements During Prime Minister’s Visit

 

Iraq and the United States have signed 48 agreements, memoranda of understanding and partnership deals during Iraqi Prime Minister Ali al-Zaidi’s official visit to Washington, marking a major step in strengthening bilateral economic and strategic ties. The agreements span key sectors including energy, electricity, technology, healthcare, communications and infrastructure, with many of the largest deals focused on Iraq’s oil and gas industry. 

According to the Iraqi Prime Minister’s office, the agreements involve collaborations between government agencies and leading American companies such as ExxonMobil, Chevron, Shell, Halliburton, KBR, GE Vernova and Starlink. A significant component of the partnership is the planned construction and rehabilitation of a major crude oil pipeline linking Iraq and Syria, which is expected to provide an alternative export route and reduce Iraq’s dependence on the Strait of Hormuz. 

Speaking during the visit, Prime Minister al-Zaidi said Iraq is pursuing an “open-door policy” aimed at attracting international investment to rebuild its economy and modernise critical infrastructure. He noted that the country urgently needs fresh investment after disruptions to oil exports and revenue caused by the recent conflict in the Middle East. 

The agreements, valued at more than $60 billion according to officials, include projects to expand oil production, strengthen electricity generation, improve digital connectivity and enhance public services. U.S. energy companies also expressed confidence in Iraq’s long-term economic potential, describing the country as one of the world’s most promising destinations for future energy investment. 

The landmark deals underscore a renewed phase in U.S.-Iraq relations, with both governments seeking closer economic cooperation while supporting Iraq’s efforts to diversify its economy and improve energy security. Analysts believe the agreements could accelerate infrastructure development, create jobs and position Iraq as a more attractive destination for foreign investment in the years ahead.