The deals cover oil, electricity, technology and infrastructure as Iraq faces falling revenues, weak public services and long-standing economic challenges.
The deals cover oil, electricity, technology and infrastructure as Iraq faces falling revenues, weak public services and long-standing economic challenges. US President Trump and Iraqi PM Ali al-Zaidi shake hands during a bilateral meeting in the White House Oval Office on July 14, 2026.
Iraq signed 48 agreements and partnerships with American companies, many in the oil sector, during a visit to the US by Prime Minister Ali al-Zaidi, his office said on Saturday. Oil-rich Iraq has been trying to move past decades of war and unrest, but still suffers from poor infrastructure, failing public services, mismanagement and endemic corruption.
It is in urgent need of an economic boost, especially after losing revenue due to a halt in oil exports caused by the Middle East war.
"A total of 48 agreements, memoranda of understanding, cooperation agreements, and partnership declarations were signed between public and private sector entities in Iraq and the United States," the Iraqi leader's media office said. They include "cooperation and partnerships involving the ministries of oil and electricity... with ExxonMobil, KBR, GE Vernova, Shell, and Halliburton," as well as several deals related to the construction of a major crude oil pipeline between Iraq and Syria.
Washington's Israel consensus is cracking, and this time it's not just the Democratic leftWashington's Israel consensus is cracking, and this time it's not just the Democratic leftIraq also signed a deal with Starlink, which dominates the global satellite communications sector, to introduce services to the country. Zaidi, a businessman, came to power this year with US blessing after Trump vetoed another candidate.
He has vowed to boost Iraq's fragile economy and disarm pro-Iran armed groups in Iraq that have targeted US facilities. Ukraine drone attack kills seven, wounds 24 in Russia: officialUkraine drone attack kills seven, wounds 24 in Russia: officialIsraeli drone strike kills Palestinian as troops extend occupation into southern GazaGermany proposes EU force to replace UN peacekeepers in Lebanon. Will that bring peace?
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