The Iraqi Prime Minister Ali al-Zaidi and the United States signed 48 agreements and memoranda of understanding, marking a significant turning point in economic cooperation between the two countries.
On July 18, the office of the Iraqi Prime Minister announced that the country had signed 48 agreements, memoranda of understanding, and partnership declarations with American companies during Prime Minister Ali al-Zaidi’s visit to Washington. These documents were signed between bodies and companies in the public and private sectors of both countries.
The majority of the agreements concerned the oil, gas, and energy sectors, notably cooperation between the Iraqi Ministry of Oil and the Ministry of Electricity with major companies such as ExxonMobil, KBR, GE Vernova, Shell, and Halliburton.
The two sides also signed several agreements related to a large-scale pipeline linking Iraq to Syria. Additionally, Iraq partnered with Starlink to deploy satellite communication services in the country.
During his visit, Prime Minister Ali al-Zaidi met with President Donald Trump at the White House. The Iraqi prime minister stated that after the complete withdrawal of American forces, relations between Baghdad and Washington would enter a new phase, moving from military cooperation to economic cooperation, to the benefit of both countries.
Although rich in natural resources, Iraq faces dilapidated infrastructure due to the war and needs strong incentives to stimulate growth and offset the decline in oil revenues.
