Iraq signs 48 deals with US companies during PM’s visit to Washington
Summary
Iraq signed 48 agreements with U.S. companies, mostly related to oil and energy, during Prime Minister Ali al-Zaidi’s visit to Washington. These deals include rebuilding an oil pipeline to Syria and partnerships with major U.S. firms like ExxonMobil and Chevron, totaling over $60 billion.Key Facts
- Iraq and U.S. companies signed 48 agreements covering oil, electricity, healthcare, and technology sectors.
- Major U.S. energy firms involved include ExxonMobil, Chevron, Shell, Halliburton, and KBR.
- Iraq and Syria agreed to rebuild an oil pipeline linking northern Iraq to Syria’s Mediterranean coast.
- Chevron will lead the pipeline project, which could transport two million barrels of crude oil per day.
- The U.S. State Department supports the pipeline project with an international consortium handling its financial and technical aspects.
- Iraq also signed a deal with Starlink to bring satellite internet services to the country.
- The agreements aim to reduce Iraq’s reliance on the Strait of Hormuz for oil exports.
- Total value of the initial agreements is estimated to be more than $60 billion.
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