Iraqi PM heads to US seeking balance between security and economy
Prime Minister Ali al-Zaidi to hold talks with President Donald Trump, with energy investment and role of pro-Iran groups expected to dominate agenda. Iraqi Prime
Prime Minister Ali al-Zaidi to hold talks with President Donald Trump, with energy investment and role of pro-Iran groups expected to dominate agenda. Iraqi Prime Minister Ali al-Zaidi is travelling to the United States for talks with President Donald Trump, in what will be his first foreign trip since taking office in May. During this week’s meetings, al-Zaidi is expected to sign agreements in energy and trade while also boosting investment with US companies. Iraqi government spokesman Haider al-Aboudi told reporters on Sunday the visit to Washington, DC, will mark a shift in the countries’ relations “from a framework of crisis management to a strategic economic partnership”. The focus, he said, would not be about striking a “temporary” agreement but about establishing “a durable, long-term partnership that serves the shared interests of both countries”. Al-Aboudi said oil would be “a top priority” during the visit as the Iraqi government seeks to increase production and find alternative export hubs to lessen the consequences of any future closure of the Strait of Hormuz. Iraq was one of the countries badly hit by the shutting down of the critical waterway in recent months due to the US-Israel war on Iran, as about 90 percent of its 3.4 million barrels per day (bpd) of exports passes through it.
Al-Aboudi said Iraq’s proposal to establish an energy and development fund with the US would be on the table to finance any projects that would be agreed upon, especially in the energy sector. Al-Zaidi had previously said the fund would initially be structured in oil exports of 500,000 bpd with the goal of increasing to as much as two million bpd. The prime minister has also said Iraq seeks to increase oil production to seven million bpd over the next three years, up from its current output of about 4.5 million bpd. “Iraq is in need of such kind of cooperation, especially with a partner like the United States to enhance and strengthen its capacity, particularly in the energy, oil, gas, electricity, and petrochemicals sectors,” said Abdulrahman Almashhadani, an Iraqi economic expert and professor. “However, the critical question remains whether Iraq can provide a safe and stable environment that would encourage US companies to come to Iraq,” he said. “This issue is sensitive and unresolved; it largely depends on the government’s ability to deliver on its commitments to restrict weapons to state control.” Large delegation Sources told Al Jazeera the Iraqi delegation to the US comprises more than 70 people, including key ministers, the head of the central bank, the national security adviser, lawmakers and businessmen.
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