businessSource: CNBCPublished
US Companies Pledge Billions to Iraq's Energy Sector
business · CNBCThe US is seeking to bolster Iraq's energy sector with significant investments from major companies. The announcements are expected during the US-Iraq Business Summit in Washington. This move aims to reduce Iraq's reliance on energy routes vulnerable to disruption.
At a glance
- BP and ConocoPhillips are set to announce billions of dollars in new investments in Iraq.
- The investments will focus on expanding oil and gas production and diversifying export routes.
- The US-Iraq Business Summit in Washington is expected to feature over $60 billion in agreements and memorandums of understanding.