Iraq and US Review Implementation of Economic and Energy Agreements

Baghdad: According to Raaz News | Iraq’s Deputy Prime Minister for Energy Affairs and the US Chargé d’Affaires in Baghdad reviewed progress on implementing the agreements and memorandums of understanding signed during Iraqi Prime Minister Ali al-Zaidi’s visit to Washington.

The office of Iraqi Deputy Prime Minister Mohsen al-Mandalawi announced that the two sides discussed turning bilateral agreements into practical steps aimed at supporting Iraq’s economic development and strengthening relations between Baghdad and Washington.

Referring to Iraq’s desire to attract US investment and advanced technology for the development of oil and gas fields, al-Mandalawi stressed the Iraqi government’s support for American companies interested in operating in Iraq. He described this cooperation as part of Baghdad’s plan to strengthen energy security and achieve self-sufficiency.

During the meeting, US Chargé d’Affaires in Baghdad Stephen Fagin also emphasized Washington’s commitment to supporting Iraq’s economic development and expanding cooperation in the energy sector. He also noted the interest of American companies in investing in projects in the country.

It is worth noting that during Ali al-Zaidi’s visit to the United States from July 13 to 17 this year, Iraqi and American institutions signed or announced 48 agreements, memorandums of understanding and partnership statements, with their total announced value estimated at more than $60 billion. These agreements cover the fields of oil, energy, electricity, industry, technology, communications, finance, agriculture, education, and healthcare.