July 26, 2021

Iraq's energy deals in limbo as US pledges help for clean projects

Featuring Rachel Ziemba

Source: S&P Global

Journalists Meghan Gordon, Dania Saadi

Iraq's $8 billion worth of energy deals with US companies clinched in August 2020 during the prime minister's inaugural visit to Washington have yet to bear fruit, but Mustafa al-Kadhimi will try to drum up support for the country's beleaguered oil and gas sector for a second time this week.

Kadhimi will meet with US President Joe Biden on July 26 in Washington at a time when international oil companies are seeking to exit the country's energy sector, due to what the Iraqi oil minister Ihsan Ismaael described as the inappropriate investment climate in OPEC's second biggest producer.

Read the full story and more from S&P Global.

Authors

  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...