Amidst Iraq’s thriving oil and gas production, the US government is strategically working to counter China’s growing influence in the region by involving US companies in rebuilding Iraq’s energy sector. Iraqi Prime Minister Al-Sudani is now leading a shift in focus towards collaboration with the US, as highlighted in a Forbes report.
With a massive 145 billion barrels of proven oil reserves, Iraq stands as a crucial player in OPEC, offering extensive opportunities for development. US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, expressed the need to challenge China’s dominance in the energy market, emphasizing the advantages of US involvement.
During a recent meeting in Baghdad, Al-Sudani and Pyatt discussed enhancing cooperation in various energy fields to achieve mutual goals. The Prime Minister reiterated Iraq’s commitment to self-sufficiency in energy, calling for US investments to accelerate economic reforms.
Pyatt commended Iraq’s efforts in expanding the energy industry and underlined US companies’ interest in boosting their presence in the country. The joint statement between Al-Sudani and US President Joe Biden outlines a pathway for successful collaboration, paving the way for future partnerships.
As the US seeks to increase its investments in Iraq’s energy sector, the collaboration between the two nations is poised to bring significant advancements in the region.
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