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Iraqi Prime Minister to Visit Washington on Monday, Oil and Gas Deals Expected

Iraqi Prime Minister to Visit Washington on Monday, Oil and Gas Deals Expected
Iraqi Prime Minister to Visit Washington on Monday, Oil and Gas Deals Expected

Iraq's Prime Minister will visit Washington, D.C. on Monday to strengthen strategic ties. Oil and gas deals are expected to be signed as part of an broader push towards economic, trade, and investment cooperation.

Iraq is trying to maintain a balance between its relations with Iran, its neighbour, and the U.S.

Haider al Aboudi, a government spokesperson, said that the agreements will include memorandums?of understanding in the oil and natural gas sector. Iraq is preparing to bring in various U.S. firms to provide a boost to oil production.

Al-Aboudi of Iraq's State News Agency said that the planned oil and gas deals would also create alternative export outlets in order to reduce Iraq’s exposure to disruptions at the Strait of Hormuz.

Iraq has also suffered a decline in oil revenues, as have other Gulf oil producers due to the closure of the crucial shipping route during the U.S. - Iran war.

Al-Aboudi stated that strengthening Iraq's military forces will also be discussed in Washington.

The relationship between Iraq and the U.S. has been strained at times over the presence of U.S. soldiers in Iraq, Baghdad’s ties with Iran, and U.S. pressuring Iraq to curb the influence Iran-backed armed group.

Ali al-Zaidi, however, received 'congratulations' from U.S. president Donald Trump after he was nominated to the premiership in April. Trump said that he hoped Baghdad would work more closely with Washington. Reporting by Muayad?Hameed. Eman Abouhassira wrote the article. David Goodman, Mark Potter and Mark Potter (Editing)

(source: Reuters)