Iraq Signs $60 Billion in Infrastructure and Energy Deals with U.S.

Iraqi Prime Minister Ali al-Zaidi signed 48 agreements and partnerships with American public and private sector entities during a visit to Washington on July 17, 2026. The deals, valued at over $60 billion, were finalized during a business summit at the U.S. Chamber of Commerce and cover the energy, healthcare, communications, and infrastructure sectors.

A central component of the agreements is the rehabilitation of a crude oil pipeline connecting Basra and Haditha in Iraq to the port of Baniyas in Syria and Ceyhan in Turkey. Chevron will execute the project, which is projected to carry two million barrels of oil per day. This initiative aims to create alternative export routes to bypass the Strait of Hormuz, where exports have been disrupted by the ongoing U.S.-led war against Iran.

Other key energy deals include partnerships with ExxonMobil, KBR, GE Vernova, Shell, and Halliburton, as well as an agreement for ConocoPhillips to acquire a 42% stake in BP Energy of Kirkuk Ltd to redevelop northern oilfields. In the technology sector, Iraq contracted Starlink to introduce satellite communications services.

On July 14, President Donald Trump met with al-Zaidi at the White House, describing the Prime Minister as a "champion." Al-Zaidi, who rose to power this year with U.S. support, pledged to revitalize the Iraqi economy and disarm pro-Iran armed groups that have targeted U.S. facilities.