PM Mohammed Shia Al-Sudani said as he received the Iraq-US Business Council (USIBC) headed by Steve Lutes on June 14, that Iraq is qualified to be an attractive environment for the private sector and foreign companies highlighting that the government has taken a set of decisions to simplify procedures for investors and tackle problems in this respect. The PM pointed out that: Iraq is moving towards oil alternatives that will be available after 2028; we have started investing in the flaring gas sector, which costs us $4 billion per year; the TotalEnergies agreement will supply our country with half of its gas needs; there are contracts with Chinese and Emirati companies that will provide Iraq with half of its gas imports. Further, for the first time Iraq is preparing to invest in natural gas by announcing the 6th gas field round and it is keen to maintain the presence of US companies in our country.
The USIBC delegation also visited the Speaker of the Iraqi House of Representatives, Mr. Mohammed AlHaLboosii as both sides discussed economic modernization reforms and the opportunities available in major sectors to support growth of trade and investment between Iraq and US.