Baghdad is seeking a major economic revival after sealing 48 agreements with American companies across key sectors, including energy, technology and infrastructure. The deals were announced following Prime Minister Ali al-Zaidi’s visit to the United States, where Iraqi officials pursued new partnerships to strengthen investment and rebuild critical sectors.
Iraq’s prime minister’s office said the agreements include collaborations involving the oil and electricity ministries with global firms such as ExxonMobil, Shell, Halliburton, KBR and G.E. Vernova. The partnerships also cover plans for a major crude oil pipeline linking Iraq and Syria, while a separate agreement with Starlink will introduce satellite communication services to the country.
The investment drive comes as Iraq continues efforts to recover from decades of conflict, economic instability, damaged infrastructure and corruption challenges. The oil-rich nation has faced additional financial pressure after losing export revenue due to disruptions caused by the wider West Asia conflict.
During the visit, U.S. President Donald Trump welcomed Prime Minister Zaidi at the White House and described him as a “champion.” Zaidi, who assumed office this year, has promised economic reforms and pledged to tackle the influence of armed groups, particularly those linked to attacks on U.S. facilities.
Iraq remains caught between maintaining its long-standing partnership with Washington and managing its strategic relationship with neighbouring Iran.
