Iraq Seeks US Investment in Oil Sector Amid Bid for Deeper Economic Ties

Iraqi Prime Minister Ali Faleh Zaidi is seeking to broaden the country's relationship with Washington through investment and economic cooperation. In a meeting with U.S. Secretary of State, Zaidi invited American companies to help develop Iraq's oil industry.

The talks in New York aim to strengthen the partnership between Baghdad and Washington beyond their current security-based framework. Zaidi emphasized that stronger ties should be built through economic partnerships and investment.

Iraq is looking to raise its daily crude production to 10 million barrels by 2030, with U.S. companies playing a key role in this goal. The country's energy sector is expected to attract significant investment as part of the bilateral cooperation.