Iraq and the United States have signed 48 agreements, memoranda of understanding, and partnership declarations covering energy, banking, technology, infrastructure, agriculture, education, and industry, in what Iraqi officials described as a significant step toward strengthening long-term economic and financial cooperation between the two countries.

Broad Economic Partnership

The agreements were signed under the patronage of Prime Minister Ali Faleh al-Zaidi and involve Iraqi government institutions, private sector companies, and major U.S. firms. According to the Prime Minister's office, the package establishes a broad framework for bilateral cooperation and advances economic relations between Baghdad and Washington.

Several agreements focus on cooperation between Iraq's Ministries of Oil and Electricity, their affiliated companies, and leading U.S. energy firms, including ExxonMobil, KBR, GE Vernova, Shell, and Halliburton. Additional agreements also involve Halliburton in expanding cooperation on energy-related projects.

The package also includes agreements related to crude oil pipeline projects extending to the Mediterranean Port of Baniyas, as well as partnerships in education, pharmaceutical manufacturing, agriculture, industry, and commercial sectors.

Technology and Investment Initiatives

Among the signed deals is an agreement between Starlink and Iraq's Communications and Media Commission (CMC) to introduce the company's services in Iraq.

Other memoranda of understanding were signed with Keysight Technologies, UOP, Polaris, the Association of Energy Engineers (AEE), PPTA, and PepsiCo. Two additional agreements with Frito-Lay aim to support the development of Iraq's agricultural sector.

Banking Reform and Financial Cooperation

As part of Iraq's ongoing banking reforms, Prime Minister al-Zaidi also met with representatives of JPMorgan Chase during his visit. According to an official statement from his office, both sides agreed to open a branch of the bank in Iraq to finance development and investment projects carried out by U.S. companies operating in the country.

The government said the move is intended to strengthen Iraq's financial sector, facilitate investment, and support the implementation of projects under the broader Iraq-U.S. economic partnership.