Iraq Today: Baghdad and Washington Talks

The article focused on the understandings reached between Iraq and the United States regarding the energy sector, which include agreements with major American companies aimed at increasing production, reducing reliance on the Strait of Hormuz, and improving electricity stability, with an estimated value of between $60 billion and $200 billion. Experts clarified that these understandings are still agreements and not contracts, and that their implementation will contribute to changing Iraq's situation in the oil and energy sectors. However, execution remains dependent on approval and actual on-ground application. They also pointed out that money spent on oil is allocated to a development fund to ensure investments by the companies, and that Iraq needs to collaborate with American energy companies to achieve genuine transformations in this sector.

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