US and Iraq Sign 48 Deals to Boost Economy and Energy Sector

Iraq has secured 48 agreements and partnerships with major American corporations, primarily targeting its vital oil and energy sectors, following an official visit to the United States by Prime Minister Ali al-Zaidi.

The extensive portfolio of deals involves both public and private entities from both nations. Major agreements were struck with prominent global firms including ExxonMobil, Shell, KBR, GE Vernova, and Halliburton. Notable projects under the new framework include the construction of a critical crude oil pipeline connecting Iraq and Syria, as well as an agreement with Starlink to roll out satellite communication services across Iraq.

The diplomatic and economic push comes as Iraq seeks to rebuild its fragile economy and modernize its ailing infrastructure after decades of conflict. The country’s financial urgency has worsened recently due to vital oil export losses triggered by ongoing conflict in the Middle East.

During a White House meeting earlier in the week, US President Donald Trump commended Prime Minister Zaidi, describing him as a “champion.” Zaidi, a businessman who assumed office earlier this year, has pledged to stabilize Iraq’s economy and disarm regional pro-Iran armed groups that have previously targeted American facilities, navigating Iraq’s complex diplomatic balancing act between Washington and Tehran.