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 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 US," 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.
Iraq also signed a deal with Starlink, which dominates the global satellite communications sector, to introduce services to the country.
On Tuesday, US President Donald Trump praised al-Zaidi as a "champion" in a meeting at the White House.
Al-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.
Iraq has long walked a tightrope between the competing influences of allies the US and neighbouring Iran.
ConocoPhillips announced Friday that it had reached a deal with BP to join as minority partner in the British company's oil production venture in northern Iraq.
The US company will acquire a 42% interest in BP Energy Company of Kirkuk Limited, with the signing expected during Iraq Prime-Minister Ali al-Zaidi's visit to Washington.
BP ECKL holds a contract to develop the currently producing Baba and Avanah domes at Kirkuk and three adjacent fields, ConocoPhillips said in a statement.
ConocoPhillips did not disclose financial terms.
The company said it does not anticipate "significant" capital contributions, but remuneration will be "linked to a proportionate share of incremental production and costs."
"We see an opportunity to create value through a capital-efficient redevelopment program that leverages a large existing production base, while also offering meaningful exploration upside," said ConocoPhillips CEO Ryan Lance.
"We look forward to working with BP and the Government of Iraq to support the continued redevelopment of these historically significant fields in an important energy-producing region."
BP and Iraq finalized the Kirkuk agreement in February 2025 as part of a strategy to boost production from Iraq.
The announcement comes a few days after President Donald Trump welcomed Zaidi to the White House, where the US president hinted at likely oil deals with Iraq.
