Shafaq News- Baghdad
Prime Minister Ali Al-Zaidi isexpected to propose increasing Iraq’s oil exports to the United States to500,000 barrels per day (bpd) in exchange for strategic cooperation with majorAmerican companies during his upcoming visit to Washington, a government sourcetold Shafaq News on Wednesday.
Al-Zaidi will present apackage of proposals focused on addressing chronic challenges, includingelectricity shortages and constraints facing the industrial and agriculturalsectors. The plan envisions the involvement of leading US firms under clearlydefined financial and implementation frameworks.
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Revenue generated from theadditional exports, the source added, would be allocated to programs intendedto strengthen economic activity, public services, and tourism.
Any agreements resulting fromthe discussions would require approval from Iraq's political stakeholders,according to the source.
The prime minister hadannounced plans on June 6 to travel to Washington with a delegation of Iraqibusiness leaders to explore opportunities for bilateral investment, withoutspecifying a date. The visit would be Al-Zaidi’s first official trip abroadsince taking office on May 1.
US President Donald Trumpextended the invitation during an April 30 phone call, expressing interest inexpanding ties between the two countries across multiple fields.
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