American companies to share Iraqi oil revenues; Al-‘Imar and Al-Tanmia confirm Al-Zaidi's agreements with Washington to be presented to Coordination and Parliament
Reports have confirmed that Iraqi Prime Minister Ali Falah Al-Zaydi will present all agreements he signs with the U.S. administration to the Parliament and the House of Representatives for approval or rejection. Some of these agreements include sensitive issues such as contracts with American oil companies requesting $30 per barrel, which could lead to oil monopoly or dominance, and some of which require careful review. During his visit to Washington, Al-Zaydi also discussed signing more than 18 agreements with the United States covering politics, economics, and energy, aimed at strengthening economic partnership and securing oil export routes away from the Strait of Hormuz, with intentions to reduce American military presence and limit weapons to the state.
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